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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.

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