Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ANN ARBOR, MI-As part of what it is calling the largest real estate sale in transportation history–220 total properties with an appraised value in excess of $400 million–Consolidated Freightways said it is seeking bids on its Ann Arbor distribution facility.

The sale is being conducted as part of a bankruptcy liquidation of the 74-year-old company.

The Ann Arbor property is a 16-door cross-dock distribution center at 5150 Carpenter Rd. The building is on 3.24 acres and has been closed since Sept. 3, 2002, when the company filed for bankruptcy protection.

The property will go to the highest bidder through an open auction slated for Thursday, Aug. 14.

A contract price of $324,000 has been established for the Ann Arbor property, which is near the intersection of Carpenter and Packard roads, just east of Interstate 94/U.S. 23.

Prior to the closure, two employees worked at the facility.

Interested parties in bidding on the property must submit a Request to be Designated a Qualified Bidder at www.cfterminals.com/overbidder.html prior to the start of bidding.

To date, 112 Consolidated Freightways properties throughout the U.S. have been sold for $227.9 million.

Potential bidders can learn more about the property at www.cfterminals.com or by calling Transportation Properties Company at 800/440-5155.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.