Williams & Williams, a leader in global live and interactive real estate auctions, will offer a portfolio of real estate for the telecom giant during a two-week period this Fall. There are 37 assets located in nine states selling in a combination of on-site and online auctions. Williams & Williams will conduct the auctions in conjunction with strategic broker partner JLL. AT&T Inc. is offering each property separately for auction and most will come with leaseback deals in place.
The properties include industrial and office, and several have potential for significant redevelopment. The properties are located in regional markets in AL, FL, IL, IN, LA, GA, OH, SC, TN and WI. Two properties in Opportunity Zones are in Marion, AL and Euclid, OH.
"We are on a very precise timetable to sell these assets for the client before the close of 2019," said Fontana Fitzwilson, Executive Vice President of Williams & Williams. "The auction terms of sale will require fast closings so the client has taken the critical step of providing buyer due diligence information before the auction," Fitzwilson said. Due diligence packages may be requested by calling 800.801.8003.
The auctions will begin Wednesday Oct. 16 and end Friday Oct. 25. All auctions are open to the public. Bids may be placed at the live auction or online at AuctionNetwork.com, the online bidding platform for Williams & Williams. All properties are being sold subject to seller confirmation. High bidders will go under contract immediately following the auction and a 10% down payment is due immediately.
SOURCE Williams & Williams
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