STAMFORD, Conn.--(BUSINESS WIRE)--
Bid Procedures Approved
Seaboard Realty LLC announced today that it and its affiliates have received Bankruptcy Court approval to retain Keen-Summit Capital Partners, Savills Studley and FTI Consulting to sell an institutional quality portfolio of eight (8) properties located in and around Stamford, CT (approximately 40 miles from New York City).
The Seaboard Realty portfolio includes a 115-room Courtyard Marriott hotel located in downtown Stamford, three multi-family properties with over 230 units, three office properties comprising over 188,000 sq. ft., and a 154,000+/- sq. ft. flex office/warehouse property. In addition, the office and multi-family properties include over 55,000 sq. ft. of retail space.
“This is a great opportunity for investors and operators to acquire a sizable portfolio in an established strong market with sound fundamentals close to New York City,” said Harold Bordwin, Keen-Summit’s Principal and Managing Director. ”The Court approved bid procedures allow for bids to be made on individual assets, for packages or in bulk for the entire portfolio, creating multiple entry price points and allowing for investors of a particular asset class to participate in the sales process.”
The Bankruptcy Court approved bid procedures which set a bid deadline of June 15th, 2016 to be followed by an auction on June 20th, 2016.
Parties interested in learning more about the properties or the auction process should contact Keen-Summit Capital Partners LLC at (646) 381-9222 http://keensummit.wpengine.com/projects/bankruptcy-sale-seaboard-realty-llc/ or firstname.lastname@example.org.
Sitrick And Company
Anita-Marie Laurie, 310-788-2850
Tom Becker, 212-573-6100
Beilinson Advisory Group
Marc Beilinson, 310-990-2990