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East Houston Warehouses Go on Auction Block

HOUSTON-A pair of warehouses, once distribution hubs for Consolidated Freightways, will go up for sale Thursday, the final pieces of a 229-property disposition of the bankrupt Vancouver, WA-based company. The warehouses are appraised at $4.8 million.

By Jennifer D. Duell | Updated on November 29, 2004

HOUSTON-The now-defunct Consolidated Freightways has put the final pieces of a 229-property portfolio up for auction. On Thursday, two distribution terminals in East Houston will be sold individually or together to the highest bidder.

“We’re pretty much completed with the sale,” says Mike Brown, a spokesman for the one-time Vancouver, WA-based Consolidated Freightways. “The Houston properties are the last of the large warehouses.”

Brown tells GlobeSt.com that market forces dictate when the properties are going to be auctioned. He adds the Houston properties at 4847 Blaffer St. were available for auction earlier this year, but were pulled from the bidding process. “It’s the broker opinion that there’s a riper market for the properties now.”

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