Final auction of East Coast Brokers & Packers assets to feature packing, cold storage facilities in Virginia, West Virginia

WINCHESTER, Va., Oct. 9, 2013 /PRNewswire/ -- A cold storage facility in Ranson, W. Va., and three packing and cold storage facilities in Winchester, Va., will sell Oct. 25 in the final auction of assets formerly owned by East Coast Brokers & Packers, the Madonia family and related entities.

"We're finally writing the final chapter in a process that began in the spring," said Ken Nofziger, president of Murray Wise Associates, which has already sold approximately $75 million worth of the bankrupt operation's assets, primarily in Florida and Virginia. Murray Wise Associates will handle the auction in cooperation with Roanoke-based Woltz & Associates.

"The three Winchester facilities, which operated as Zero Pak, are all located together, and I wouldn't be surprised to see them all sell to one buyer. But you never know, so we'll offer them and the Ranson facility separately and in any combination. The Ranson cold storage facility has a capacity for 500,000 bushels of apples and is located only 50 miles northwest of Washington, D.C., with easy access to highways and interstates," said Nofziger.

The auction will begin at 10 a.m. Friday, Oct. 25, at the George Washington Hotel, Winchester.

The facilities include:

  • The main packing building building and cold storage facility at 536 North Cameron Street, Winchester, Va., with 3.05 acres and storage for up to 4,000 pallets. The building was historically used primarily for packing frozen fruits and has more than 239,000 square feet.
  • Three buildings on 1.88 acres at 563 North Cameron Street, with a total of 22,600 square feet.
  • Two buildings on 1.68 acres at 537 North Cameron Street, with a total of 26,900 square feet.
  • The 277,000-square-foot cold storage facility at 307 N. Preston Street, Ranson, W. Va., with a total storage capacity for 500,000 bushels of apples.

Individuals interested in additional information may visit www.murraywiseassociates.com or call 217-398-6400.

The auctions were authorized by the United States Bankruptcy Court of Florida, Tampa Division, with Gerard A. McHale, Jr., as trustee administering the sales.

Murray Wise Associates LLC, headquartered in Champaign, Ill., with additional offices in Florida and Iowa, is a leading national agricultural real estate marketing and financial advisory firm.

Woltz & Associates, based in Roanoke, Va., is a leading auctioneer of commercial and residential properties and land throughout the United States, with an emphasis on the Mid-Atlantic region.

For more information:
Carl Carter, 205-823-3273

SOURCE Murray Wise Associates



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http://www.murraywiseassociates.com

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