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Hilco Holdings LLC To Sell Five Properties

NORTHBROOK, IL-The company will accept bids for a total of 766,000-sf at manufacturing and distribution facilities in Alabama, Indiana, Wisconsin and Michigan.

By Cari Brokamp | Updated on August 20, 2008

NORTHBROOK, IL-Locally based Hilco Holdings LLC has plans to sell five of its industrial properties by the end of the year. The properties represent more than 766,000 sf in total.

“We’re targeting a lot of users in the area, doing mail campaigns to find warehousing and manufacturing folks, but we’re willing to work with portfolio buyers and investors as well,” says Geoffrey Schnipper, project manager with the company. “We know that there are portfolio buyers out there and we would certainly be willing to work with one of them. We’re looking at anybody who wants to purchase them, one or all.”

The largest of the properties for sale is a 254,000-sf mixed-use industrial building in Muskegon, Michigan. The building offers 175,000 sf of dry storage, 46,000 sf of cold and freezer storage and 27 loading docks.

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