NORTHBROOK, Ill., March 28, 2018 /PRNewswire/ -- Hilco Real Estate has been hired by Atlanta-based IDI Logistics, one of the world's leading investors and developers of logistics warehouses and distribution parks, to market nineteen development parcels located in high-image industrial parks across five metro areas. Four of the sites are well-located retail parcels that have potential for various commercial uses. These shovel-ready sites represent some of the last remaining land parcels in these well-located industrial parks. Hilco plans to culminate its marketing effort with an online auction, set for May 22, 2018.
The list of metro areas where these properties are located include:
- Los Angeles (Inland Empire)
"This sale will be a great opportunity for a user or developer to purchase a premier site for immediate development. These properties are in well-located and mature industrial parks that don't come to market very often," said Joel Schneider, Senior Vice President of Hilco Real Estate. "The auction format will give buyers the opportunity to participate in a process that will have a swift timeframe, transparency, and surety of closing."
The online auction is scheduled for Tuesday, May 22, 2018; however, bids prior to the auction date are encouraged. Bidding for the auction will begin at 9:00 A.M. (CT) and conclude at 3:00 P.M. (CT) on the day of the auction. To be eligible to participate, bidders are required to follow the registration requirements found on auctions.hilcoreal.com. In addition, bidders must submit an earnest money deposit for the property or properties in which they are interested, per the Terms of Sale. Deposits can be made via wire transfer, certified/cashier's check or credit card.
For further information on the properties, an explanation of the auction process, Terms of Sale, and to obtain access to the Virtual Data Room containing property due diligence, please visit www.hilcorealestate.com/IDI or reach out to (855) 755-2300.
About Hilco Real Estate, LLC
Hilco Real Estate, LLC ("HRE"), a Hilco Global company, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, extensive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE consistently exceeds expectations. For more information please visit www.hilcoglobal.com.
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SOURCE Hilco Real Estate, LLC