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NORTHBROOK, IL-Locally based Hilco Holdings LLC has plans to sell five of its industrial properties by the end of the year. The properties represent more than 766,000 sf in total.

“We’re targeting a lot of users in the area, doing mail campaigns to find warehousing and manufacturing folks, but we’re willing to work with portfolio buyers and investors as well,” says Geoffrey Schnipper, project manager with the company. “We know that there are portfolio buyers out there and we would certainly be willing to work with one of them. We’re looking at anybody who wants to purchase them, one or all.”

The largest of the properties for sale is a 254,000-sf mixed-use industrial building in Muskegon, Michigan. The building offers 175,000 sf of dry storage, 46,000 sf of cold and freezer storage and 27 loading docks.

Two of the properties set to be sold are in Alabama. The larger of the two is a 188,786-sf manufacturing and distribution facility in Sulligent. The facility, which sits on 19 acres, was built in 2000, and features 16 loading docks and ceilings up to 22 feet high. The smaller of the two Alabama properties is a 105,000-sf manufacturing facility on 13 acres in Montgomery. The property offers 75,000-sf of warehouse and 30,000-sf of production space, as well as six loading docks.

The company is also selling a 163,000-sf distribution facility on more than 6 acres in Ft. Wayne, IN. The facility offers rail access, with 11 rail loading doors, 22 external loading docks and 20 feet high ceilings.

The smallest of the properties planned for sale is a 55,845-sf freestanding building with 421 parking spaces in Oshkosh, WI. Formerly used as a grocery store, the building is zoned for retail or light industrial use.

The five properties for sale are among the 42 total industrial holdings of Hilco. “It’s not our goal to own the properties long-term,” Schnipper said. “These are properties we acquired that have eclipsed our target hold period.”

Hilco will accept sealed bids for the properties until Oct. 9. “We’re motivated sellers offering quick close incentives,” Schnipper said. “We’d like to get them off our books by the end of the year.”

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