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US Electric Liquidation Auction

Compass Auctions and Real Estate

Compass auction equal to task of major business liquidation

ATLANTA (Nov. 1, 2017) — For two days, the auction of US Electric Supply’s inventory and equipment became a focus of electricians, retailers, builders and others from all over the United States.

The auction of more than 30,000 items attracted bidders from 26 states and three countries, with Compass Auctions and Real Estate, of Chattanooga, conducting the event.

“Our advanced auction methods really pay off when you have a business liquidation or major undertaking like this one, with thousands of items to be sold. We’re able to accomplish the job in a fraction of the time other methods would take,” said Paige Holt, president of the auction company. “Our intensive marketing campaign brought together live and online bidders, resulting in a great result for the seller. We literally had buyers from places as far away as Arizona, California, Idaho and Connecticut bidding and arranging to pick up their items following the auction,” she said.

Because the business was closing, the auction also included forklifts, scissor lifts and other items used for managing the warehouse, she said.

“The concept of using the auction method provided the ability to sell numerous, differing assets in the same event. Our aim was to achieve the best possible scenario for the sellers, and they have assured us that the auction surpassed their expectations. Nothing is more important than that,” said Holt.

Bill McFerrin, owner of US Electric, said he was delighted with the outcome. “The net results were beyond my wildest dreams,” he said.

The company is currently lining up auctions for fall and winter. Individuals seeking additional information may visit SoldonCompass.com or call 800-729-6466.

Compass Auctions and Real Estate, based in Chattanooga, is Tennessee’s only certified Women’s Business Enterprise woman-owned auction and real estate company. The firm has more than 50 years of combined experience in government surplus, heavy equipment, vehicles, land and charitable auctions. It also has locations in Nashville and Lebanon, Tennessee, as well as in western Kentucky.

For more information:

Compass Marketing 423-702-6180

US Electric Liquidation Auction

REVISED DATES: US Electrical Supply to Close, Compass Handles Atlanta Auction

ATLANTA, Sept. 22, 2017 /PRNewswire/ — Atlanta-based electrical wholesaler U.S. Electrical Supply is closing its doors after more than 30 years and selling its remaining inventory in a two-day auction set for September 28-29. Compass Auctions and Real Estate will conduct the auction, which features more than 1,100 lots over the two days.

“We expect this to attract a lot of electrical contractors, individual electricians, retailers, builders and others, who will see it as an opportunity to build up their inventory of electrical supplies they are constantly needing,” said Paige Holt, president of the auction company.

“Because the business is closing, we’ll be selling not only the electrical supplies, but forklifts, racking, scissor lifts and other assets used for managing the warehouse as well,” she said.

More than 30,000 unique items will be sold, including circuit breakers, transformers, conduits, conduit fittings, bus plugs, panel switches, combination starters, termination kits, junction boxes, unilets, lights, switches, fuses and other items. Brand names include Appleton, Square D, General Electric, Siemens and many others.

“U.S. Electric has been the only surplus dealer in the Atlanta area selling construction grade electrical apparatus. So there may be some items in this auction that will be more difficult to find before long,” said Holt.

The live onsite with webcast auction will begin at 9 a.m. Eastern each of the two days — Thursday, Sept. 28, and Friday, Sept. 29, at 915 Glenwood Avenue Southeast, Atlanta, 30316. The items are available for inspection from 8 a.m. to 4 p.m. Monday, September 25, through Wednesday, September 27, or by appointment.

Online prebidding is under way at soldoncompass.com.

Compass Auctions and Real Estate, based in Chattanooga, is Tennessee’s only certified Women’s Business Enterprise woman-owned auction and real estate company. The firm has more than 50 years of combined experience in government surplus, heavy equipment, vehicles, land and charitable auctions. It also has locations in Nashville and Lebanon, Tennessee, as well as in western Kentucky.

For more information:
Carl Carter, 205-823-3273

US ELECTRIC ATLANTA AUCTION SEPTEMBER 2017

US Electrical Supply in Atlanta to close after 31 years. Compass Auctions to handle auction services.

 

Compass Real Estate Closes Eagles Landing for $2 Million | Atlanta

Compass real estate The Compass Real Estate Team is honored to announce the closing of 8.84 commercial acres located off of Eagles Landing Parkway and Country Club Drive in Atlanta, Georgia.  The project is one of more than 26 assets entrusted to Compass Auctions & Real Estate to list and sell on behalf of the Federal Deposit Insurance Commission (FDIC).  Compass, with offices in Nashville, Chattanooga, Western Kentucky and Atlanta works closely with Special Assets Consultant T. Kyle Swicegood, CCIM to assist in the disposition of assets nationwide.

The Eagles Landing Development was assigned to Project Manager Justin Ochs, VP of National Development for Compass.  Ochs worked diligently with FDIC officers over the past several months to identify potential developmental concerns and effectively transfer the commercial acreage back into the public’s hands.

“Additionally, Ochs and Compass Real Estate conducted an exhaustive search through specially designed marketing techniques. Identifying cash buyers who could overcome any potential concerns.”

Compass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landing

 

 

 

 

The Eagles Landing Parkway Development consists of 2.24 +/- acres on the corner of Eagles Landing. With  additional 6.51 +/- acres located on Country Club Drive, for a total of 8.84 acres.  Furthermore, Ochs worked with buyers to identify and overcome erosion control issues, buffer zones and ingress and egress issues. Successfully selling the entire development in 5 months.

The property was listed and sold by Team Compass for a total of $2,000,000.  FDIC Officers and Asset Managers have been extremely pleased with the performance of properties. These properties were listed across the state of Georgia by the Compass Real Estate Team.

Compass Selected to Sell Property Adjacent to Turner Field

Propety Adjacent Turner Field

Chattanooga, TN – Compass Auctions & Real Estate, LLC an auction and real estate firm headquartered in Chattanooga, TN was recently selected by the Federal Deposit Insurance Corporation (FDIC) to list and sell a real estate portfolio in the Metro and Southern Atlanta area totaling nearly $20 Million.  The highlight of this particular group of properties is 40 parcels of property adjacent to Turner Field Stadium.

The 40 parcels equal 4.67 acres and are located between Hank Aaron Drive SE and Georgia Ave SE in the Atlanta metro area of Fulton County, Georgia. Since 1997 the MLB Atlanta Braves have been using the Turner Field ballpark as their home field. In November 2013, they announced the intent to depart for a newly built ballpark located in Cobb County, Georgia. The Atlanta Braves will play their final regular season home game at Turner Field on October 2, 2016.

Compass Auctions & Real Estate, LLC will represent the FDIC in the sale of the remaining 40 parcels.

With the announcement that the Turner Field area would likely go under significant change with the departure of the Atlanta Braves organization; Atlanta Mayor, Kasim Reed, announced that the Turner Field stadium and the surrounding parking areas would be up for sale and redevelopment opportunities in late 2016. Several entities expressed interest and in 2015, the Atlanta Fulton County Recreation Authority announce that Georgia State University and a local development company had placed the winning bid for Turner Field.

Compass Auctions & Real Estate, LLC will represent the FDIC in the sale of the remaining 40 parcels. The properties are zoned MRC-1-C, which stands for Mixed Residential Commercial District, providing an appropriate balance and scale of pedestrian‐friendly, commercial uses that meet the needs of the residents in the district.

Compass provides traditional real estate and auction services for real property and industrial assets throughout the southeast with offices in Chattanooga, TN, Nashville, TN, Western Kentucky & Atlanta, GA.  For more information regarding these assets please call (800) 729-6466, or visit www.SoldonCompass.com

Contact:
Justin Ochs
jochs@soldoncompass.com
800-729-6466

Property Adjacent Turner Field

Turner Field Adjacent Property for Sale