REDC Auctioning Former DEA Headquarters Building in Englewood, Colorado Today
Irvine, CA (Vocus) March 3, 2010 -- The former DEA headquarters building in Englewood, Colorado is being auctioned online today and tomorrow by Real Estate Disposition, LLC (REDC) at www.auction.com.
Bidding ends tomorrow March 4 at 2 p.m. MST. The current high bid is $1.8M. The auction of the building could generate hundreds of jobs. The building is a three-story, 55,706 square foot office complex (http://www.auction.com/property_online_commercial.php?auctionID=B-010&itemID=607&venueId=1006&start=0) that is currently vacant.
The property is located at 115 Inverness Dr. and overlooks Inverness Golf Course. For more information, contact J. R. Bitzer of Bitzer Real Estate Partners at 720-264-3490.
“This is a great opportunity to buy this first-class office building in a highly desirable area of the country,” says REDC CEO Jeffrey Frieden. “It is ideal as a regional headquarter for a major corporation or the home base for a medium sized company.”
Established in 1990, REDC is the nation’s leading real estate auction firm and has auctioned more than $6 billion in property the last three years.
REDC’s Auction.com enables institutional investors to buy commercial buildings (http://www.auction.com/auction-calendar.php?auctionType=commercial), notes, note portfolios (http://www.auction.com/auction-calendar.php?auctionType=notes), notes of all property types -- and a variety of debt instruments including first liens, second mortgages, whole notes, and sub-performing or non-performing notes -- through an efficient and transparent auction process.
“The ability to set a pricing floor with an auction is a major turning point for commercial building and note sales in today’s market,” Frieden says.
Information about REDC auctions is available on Auction.com. REDC is a Stone Point Capital company. REDC's headquarters are in Irvine, California with offices in Dallas, New York and London.
Contact:
Rick Weinberg
REDC Communications
949-639-3558
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