Tranzon Auction Properties Engaged to Auction Lobster Processing Facility and Other Waterfront Properties

Sep 04, 2012, 10:17 ET from Tranzon Auction Properties

PORTLAND, Maine, Sept. 4, 2012 /PRNewswire/ -- Tranzon Auction Properties was recently engaged to sell three properties formerly associated with Live Lobster Company.

Hired by a national lender to conduct the foreclosure sale, Tranzon Auction Properties will sell waterfront properties in Prospect Harbor, Stonington, and Phippsburg, ME on September 26 and 27, 2012. Also included in the offering are a variety of vehicles and boats, including a 45' Young Brothers lobster boat.

Thomas Saturley, Tranzon Auction Properties President, commented that "assets of this significance are a pleasure to sell. Given all the news recently surrounding the lobster industry, we're pleased that these properties are available for purchase and are hopeful they'll be acquired by an operator who can help the Maine Lobster Community accomplish some of their goals."

One of the properties, the former sardine cannery in the Gouldsboro village of Prospect Harbor, was recently upgraded to process and pack lobster and could easily be reopened. "We understand some newer processors are having trouble finding workers, but the Prospect Harbor facility has been employing folks in the fishing industry for years and by all indications there are many people in the community ready to go back to work," commented, Mike Carey, VP for Tranzon Auction Properties. "It could be very impactful if this facility could get up and running again soon."

The other two real estate properties include a buying station in Stonington, ME and a leasehold interest in a buying station in Phippsburg, ME.

Tranzon Auction Properties, with offices in Portland, ME and Greater Boston, provides Real Estate Solutions, including Asset Disposition, Analysis, Accelerated Marketing and Auction Services. Tranzon Auction Properties is a member company of Tranzon, LLC comprised of 14 member companies and 31 offices nationwide. 

SOURCE Tranzon Auction Properties