NAI Global to Offer Over $250 Million in Investment Properties Via Online
Auction, Sealed Bids
Sale Features 70+ Properties in 21 States
PRINCETON, N.J., June 29 /PRNewswire/ -- Approximately 75 properties valued in
excess of $250 million will be offered for sale in NAI Global's July
Commercial Property PowerSale(TM), an ongoing series of national, multi-seller
online auctions and sealed-bid sales.
Approximately 58 of the properties in the July Commercial Property
PowerSale(TM) will be offered online via a timed auction format. Interested
bidders will be able to log on at any time during the open bidding window,
from 1:00 PM EDTJuly 16 through 1:00 PM EDTJuly 30, and place bids.
Registered bidders will receive an email notification alerting them to bid
updates on properties they are bidding on or watching, and will have the
option to revisit the site and post a new bid or allow the system to bid for
them up to a predetermined maximum. The high bidder on each asset will be
notified after the bidding window closes. Another 14 properties are being
offered through a sealed bid process, with bids due by July 30.
"The Commercial Property PowerSale(TM) is building momentum as we continue to
try new strategies and techniques to bridge the gap between motivated buyers
and sellers in this challenging sales environment," said Jeffrey M. Finn, NAI
Global's President & CEO. "This upcoming event represents a great value
opportunity for buyers, especially for hands-on, local entrepreneurial
investors well positioned to take advantage of today's buyer's market."
This unique accelerated marketing program gives clients the opportunity to
sell their asset quickly, reducing their holding costs and securing true
market value for the property. Sellers in the Commercial Property
PowerSale(TM) benefit from the tremendous marketing leverage created by
aggregating properties from multiple sellers into a series of nationally
marketed events.
Interested buyers will have an opportunity to bid on properties in 21 states,
including Washington, California, Texas and Florida. Virtually all property
types are represented, including office buildings, multifamily income
properties, retail/shopping centers, industrial/warehouse properties,
residential subdivisions and commercial development sites. The property list
includes prime development sites in the metro Washington, DC area, high
traffic retail sites in Highland Park, IL, and Spokane, WA, infill
redevelopment opportunities in South Bend, IN, and Flint, MI, an upscale
hotel/golf resort in a country club-setting in Beecher, WI, and a fully
entitled multifamily development tract in Navarre Beach, FL.
"There is strong market demand for income-producing properties and investment
assets that will show a return in a short time," said Finn. "And the
PowerSale program is well positioned to connect motivated buyers and investors
to these properties in a confidential and user-friendly format."
NAI Global is supported on the Commercial Property PowerSale(TM) by its
longtime auction partner, Higgenbotham Auctioneers International. The next
PowerSale is scheduled for October 1. Prospective buyers and sellers
interested in learning more about the Commercial Property PowerSale(TM) should
visit http://powersale.naiglobal.com.
About NAI Global
NAI Global is one of the leading commercial real estate services providers
worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a
network of 5,000 commercial real estate professionals and 325 offices in over
55 countries, and completes over $45 billion in annual transaction volume.
Since 1978, NAI Global clients have built their businesses on the power of
NAI's expanding network. NAI Global's extensive services include corporate
real estate services, brokerage and leasing, property and facilities
management, real estate investment and capital market services, due diligence,
global supply chain consulting and related advisory services. To learn more,
visit www.naiglobal.com.
SOURCE NAI Global
Peter Setaro, +1-609-945-4086 or psetaro@naiglobal.com
