Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CARLISLE, PA-Vancouver, WA-based Consolidated Freightways has placed its distribution center at One Carolina Way here up for sale to the highest bidder through an auction process scheduled to begin at 10:00 a.m. PDT on July 17 in the offices of Latham & Watkins in Los Angeles. This is one of 220 properties nationwide being liquidated following CF’s bankruptcy filing on Sept. 3, 2002.

The Carlisle facility is on 59 acres. It has 305 dock loading positions encompassing 137,035 sf, plus a 10,250-sf office area, a 48,000-sfshop and a 7,000-sf dispatch office and truck wash. The property has been appraised at $5.8 million by CB Richard Ellis’s valuation and advisory services, based in New York. Bidders are required to provide a deposit of $580,000. A hearing to approve the results of the bidding process will be held at 10:00 a.m. PDT on Friday, July 18 in the U.S. bankruptcy court for the central district of California in Riverside, CA.

The entire CF portfolio has an appraised value of more than $400 million, making it the largest real estate sale in transportation history. To date, 100 properties in the portfolio have been sold for an aggregate $218 million.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.