CHICAGO - Auctions by ATG is hosting a commercial real estate auction on Wednesday, Feb. 13 that will feature Arlington Ridge, a former Motorola corporate campus in Arlington Heights. Other auction offerings include mixed-use, retail, multi-family, and flex buildings as well as development sites and vacant land.

Seven of the 22 properties currently offered are bank owned. Buyers can bid live or online on these Chicago-area properties, most of which are being sold absolute. "This will be a significant auction," Diana Peterson, executive vice president of Auctions by ATG, says in a press release. "The highlight is the Arlington Ridge office park/data center. It was built-out with a high-capacity power system to support Motorola's operations, so it will be very attractive to high-tech companies that want the existing infrastructure." Arlington Ridge is an 90,929 square foot eight-building, single-story office park located parallel to Route 53 and south of Dundee Road. The seven available buildings range from 8,304 to 16,718 square feet and are available for pre-auction bulk purchase. They are being offered absolute at auction with minimum bids ranging from $49 to $90 per SF. Two of the buildings are fully leased and two are partially leased. Using the online service, www.atgbidder.com, bidders can access tools to evaluate properties before the auction. On the day of the auction, registered bidders can view both live-streaming video and a real-time live bidcast online. Buyers unable to participate can confidentially submit a maximum bid to the online bidding service and authorize a bidding service agent at the auction to submit bids on their behalf up to their maximum. The auction will be held at 9 a.m., CST, at 1 South Wacker Dr, 24th Floor. Besides the Arlington Heights office park, the auction includes multifamily and development sites in Chicago and Franklin Park; a flex office/warehouse building in Chicago; retail/office buildings in Des Plaines, South Holland, Westmont and Chicago; mixed-use properties in Chicago, Aurora Berwyn and Westmont; and vacant land in Matteson, Flossmoor and Bartlett. "The diversity of properties offered in our Feb. 13 auction appeals to our large network of local investors as well as our growing pool of buyers nationwide that can now bid online in real-time without being present in Chicago," Peterson says. To register to bid, interested parties should visit: www.auctionsbyatg.com Launched in 2011, Chicago-based Auctions by ATG, a provider of live and online real estate auctions, is a wholly owned subsidiary of Attorneys' Title Guaranty Fund Inc.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.