NAI Global to Offer Over $250 Million in Investment Properties Via Online Auction

Approximately 75 properties valued in excess of $250 million will be offered for sale in NAI Global’s July Commercial Property PowerSale(TM), an ongoing series of national, multi-seller online auctions and sealed-bid sales.

Approximately 58 of the properties in the July Commercial Property PowerSale(TM) will be offered online via a timed auction format. Interested bidders will be able to log on at any time during the open bidding window, from 1:00 PM EDT July 16 through 1:00 PM EDT July 30, and place bids. Registered bidders will receive an email notification alerting them to bid updates on properties they are bidding on or watching, and will have the option to revisit the site and post a new bid or allow the system to bid for them up to a predetermined maximum. The high bidder on each asset will be notified after the bidding window closes. Another 14 properties are being offered through a sealed bid process, with bids due by July 30.

“The Commercial Property PowerSale(TM) is building momentum as we continue to try new strategies and techniques to bridge the gap between motivated buyers and sellers in this challenging sales environment,” said Jeffrey M. Finn, NAI Global’s President & CEO. “This upcoming event represents a great value opportunity for buyers, especially for hands-on, local entrepreneurial investors well positioned to take advantage of today’s buyer’s market.”

This unique accelerated marketing program gives clients the opportunity to sell their asset quickly, reducing their holding costs and securing true market value for the property. Sellers in the Commercial Property PowerSale(TM) benefit from the tremendous marketing leverage created by aggregating properties from multiple sellers into a series of nationally marketed events.

Interested buyers will have an opportunity to bid on properties in 21 states, including Washington, California, Texas and Florida. Virtually all property types are represented, including office buildings, multifamily income properties, retail/shopping centers, industrial/warehouse properties, residential subdivisions and commercial development sites. The property list includes prime development sites in the metro Washington, DC area, high traffic retail sites in Highland Park, IL, and Spokane, WA, infill redevelopment opportunities in South Bend, IN, and Flint, MI, an upscale hotel/golf resort in a country club-setting in Beecher, WI, and a fully entitled multifamily development tract in Navarre Beach, FL.

“There is strong market demand for income-producing properties and investment assets that will show a return in a short time,” said Finn. “And the PowerSale program is well positioned to connect motivated buyers and investors to these properties in a confidential and user-friendly format.”

NAI Global is supported on the Commercial Property PowerSale(TM) by its longtime auction partner, Higgenbotham Auctioneers International. The next PowerSale is scheduled for October 1. Prospective buyers and sellers interested in learning more about the Commercial Property PowerSale(TM) should visit http://powersale.naiglobal.com.

About NAI Global

NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 325 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com.

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