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TRANZON HANLEY TO AUCTION 12 FORMER K-MART SITES IN 9 STATES
 

FORT WORTH, TX. -- Tranzon Hanley, a real estate auction company based in Fort Worth, is overseeing the sale of 12 properties in nine states across the country. All sites are former K-Mart stores. This sale is the result of the bankruptcy of the K-Mart chain.

Properties slated for auction are:

  • A 94,841-square foot store on 8.35 acres in Atmore, Alabama at 141 Lindberg Ave.
  • A 102,253-square foot store on 6.46 acres in Coachella, California at 50249 Harrison St.
  • A 104,230-square foot store on 8.58 acres in Colton, California at 1175 S. Mt. Vernon.
  • A 96, 268-square foot store on 8.59 acres in Decatur, Illinois at 1920 S. Mt. Zion Rd.
  • A 94,520-square foot store on 11.58 acres in Spencer, Iowa at 900 11th St.
  • A 92,000-square foot store on 8.21 acres in Yazoo City, Mississippi at 110 N. Jerry Clower Blvd.
  • A 94,844-square foot store on 11.41 acres in Washington Court House, Ohio at 2100 U.S. Highway 62 Northeast.
  • A 94,841-square foot store on 8.4 acres in Spindale, North Carolina at 1495 Highway 74 Bypass.
  • A 207,774-square foot store on 24.9 acres in Wilkesboro, North Carolina at 1801-1817 U.S. Highway 421 North.
  • A 94,841-square foot store on 8.12 acres in Columbia, Tennessee at 801 S. James Campbell Blvd.
  • A 94,841 square-foot store on 13.12 acres in Rogersville, Tennessee at 6102 Highway 11 West.
  • A 95,057-square foot store on 14.88 acres in Kimball, West Virginia at 1 Plaza Dr.

    "All these K-Mart sites enjoy excellent locations. They are on major roads, have ample parking and are in great physical shape. Obviously, all sites are zoned for retail operations. We believe the potential buyers of these stores include retailers, commercial real estate development firms or any organization needing a large space with easy-access from a heavily-traveled highway," said Tom Hanley, Regional President, Tranzon Hanley.

    All bids are due to brokers by close of business on Aug. 18, 2004. The following conditions apply:
  • Bids are sealed.
  • A cashier's check must accompany all bids. One check must be provided for each property bid upon.
  • Checks must be made payable to Landamerica Title Company in Dallas.
  • If a bid is accepted, then the buyer will owe a balance to achieve 10 percent of the purchase price as earnest money.
  • The purchase price is the sum of the high bid plus a 5 percent buyer premium.

    For more information on the 12 sites, including pictures as well as background on Tranzon Hanley and Tranzon, visit the auction firm's web site at www.tranzon.com.

    Tranzon Hanley of Fort Worth is a member of the Tranzon L.L.C. network, one of the nation's largest auction enterprises. Headquartered in Richmond, Va., Tranzon has 12 member companies and 23 offices across the United States. Tranzon has conducted auctions in 41 states and the District of Columbia. The network has sold more than 4,000 properties since its creation in November 2000. Tranzon professionals provide accelerated marketing and auction sales services to corporations, financial institutions, trustees, individuals and estates plus the real estate industry throughout the nation.