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Chicago, IL (PRWEB) January 22, 2013
Auctions by ATG will host a commercial actual estate auction Februrary 13 featuring Arlington Ridge, a former Motorola corporate campus in Arlington Heights. The sales other offerings include mixed-use, retail, multi-household, and flex buildings, as effectively as improvement web sites and vacant land. Seven of the twenty-two properties at present provided are bank owned. Purchasers can bid live or on-line for these Chicago-area properties.
This will be a substantial auction, said Diana Peterson, executive vice president of Chicago-based Auctions by ATG. The highlight is the Arlington Ridge office park/data center. It was built-out with a high-capacity power technique to support Motorolas operations, so it will be really eye-catching to higher-tech firms that want the existing infrastructure. Each and every building has heavy energy, access to fiber, individual HVAC and electrical, and is one hundred percent sprinklered. Energy is fed from two Com-Ed substations with a manual throw. The buildings are linked with four-inch data conduit and some of them have [see also bulk mailing service ] connector hallways and a number of entrance points, so they can accommodate a number of tenants or a huge user.
Arlington Ridge is an eight-creating, single-story workplace park located parallel to Route 53 and south of Dundee Road in Arlington Heights with exceptional frontage and visibility from Route 53. The seven offered buildings variety from eight,304-to-16,718 square feet and are obtainable for pre-auction bulk obtain. They are getting supplied at the industrial genuine estate auction with minimum bids ranging from $ 49 to $ 90 per square foot. Each constructing has been substantially improved with upgraded fire systems and a new parking lot, building entrances, signage and landscaping. One particular of the buildings has a lot more than $ 2.5 million in recent tenant improvements. Two of the buildings are fully leased and two are partially leased.
The Feb. 13 commercial real estate auction is a great chance for commercial house investors and users. Its not surprising that once we launched Auctions by ATGs on-line bidding website and service final June, we started attracting owners of a huge quantity of industrial and bank-owned assets, Peterson said. Quite couple of firms locally offer you industrial auctions. Even fewer supply on the internet bidding internet sites. Of those that do, none are as transparent and robust as ours. Had been thrilled to offer investors what the market is demanding a completely transparent online bidding knowledge with the potential to comply with and participate in the auction in genuine-time on-line.
Using the on-line bidding service, http://www.atgbidder.com, bidders can access research and analytical tools to evaluate properties prior to auction. On auction day, registered bidders can view each reside-streaming video and a genuine time, reside bidcast on the on the web bidding website, offering them the chance to observe the auction and electronically raise their bids. Purchasers 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 reside and on the internet auction, to be held at 9 a.m. Wednesday, Feb. 13, at 1 South Wacker Drive, 24th Floor, Chicago, will feature 90,929 square feet at the Arlington Heights workplace park multifamily and improvement websites in Chicago and Franklin Park a flex (workplace/warehouse) developing in Chicago retail/workplace 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 supplied in our Feb. 13 auction appeals to our huge network of nearby investors as effectively as our expanding pool of buyers nationwide that can now bid on-line in real-time with out becoming present in Chicago, Peterson stated. This auction presents a fantastic investment opportunity for private equity and other large investors, specifically with our pre-auction bulk sale opportunities. Smaller investors and the common public will also locate numerous good quality properties at favorable price points.
The subsequent auction in the line-up for Auctions by ATG will be a reside and on-line residential home auction February 27, 2013.
Interested parties ought to check out http://www.auctionsbyatg.com to register to bid and join the mailing list to acquire upcoming auction notices.
Launched in 2011, Chicago-primarily based Auctions by ATG, a provider of live and on the internet genuine estate auctions, is a wholly-owned subsidiary of Chicago-primarily based Attorneys Title Guaranty Fund, Inc.
About Auctions by ATG
Auctions by ATG, a wholly-owned subsidiary of Chicago-primarily based Attorneys Title Guaranty Fund, Inc., is a provider of reside and on-line industrial actual estate auctions and residential auctions. To sellers Auctions by ATG gives a much more price effective, swift and expert auction platform than its competitors. To investors and house buyers, Auctions by ATG provides house at attractive prices, a professional and transparent bidding procedure, and access to substantial property and title analysis.
For far more details about Auctions by ATG, check out the firms web site, http://auctionsbyatg.com/.
To find out more about Attorneys Title Guaranty Fund, Inc., please pay a visit to http://www.atgf.com/.
For more data or to schedule an interview, speak to Mark Thomton at (312) 267-452 or mthomton(at)taylorjohnson(dot)com.
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