NAI Global $150 Million Property Auction
Published March 23rd, 2009
More than 50 properties valued in excess of $150 million will be featured in the first round of the Commercial Property PowerSale(TM), NAI Global’s ongoing series of national, multi-seller auction and sealed-bid sales.
The first Commercial Property PowerSale(TM) will take place online on May 1, 2009. Interested buyers will have an opportunity to bid on properties in 20 states, including New York, Washington, California, Texas, Florida and Maryland. The properties range from development-ready land tracts to investment-grade office, retail and multifamily properties. The full list of properties and detailed bidder information is available to the public on www.naiglobal.com/powersale. Interested buyers have the option of participating by submitting a sealed-bid or bidding live during the online auction, depending on the specific property.
The second Commercial Property PowerSale(TM) is scheduled for June 11, with a property submission deadline of April 13. Future events are expected to be held on a monthly basis and will also feature the sale of performing and non-performing loans, providing another solution for banks and financial institutions.
Prospective buyers and sellers interested in learning more about the Commercial Property PowerSale(TM) should visit www.naiglobal.com/powersale.
