Call for Bids Set on Qualteq Multitenant Portfolio

CHICAGO-Hilco Real Estate of Northbrook, IL, which is handling the disposition of troubled Qualteq Inc.’s commercial real estate portfolio, has announced a call for bids on the real estate assets by Jan. 10, 2013. Among the collection is a 17,400-square-foot building in downtown Chicago that, according to Chicago Real Estate News, was once the site of Michael Jordan’s restaurant.

According to a press release sent out by Hilco Real Estate, Valid USA Inc. (a wholly owned subsidiary of Valid SA of Brazil), acquired Qualteq’s operating assets during the week of Nov. 26. Upon acquiring those assets, the  release noted, Valid entered into new, five-year leases for properties to be sold by Qualteq with an aggregate annual base rent of approximately $1.7 million.