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Hilco Real Estate Brokers Owatonna, Minnesota, Land Sale for Cabela's

Hilco Real Estate established a sealed bid deadline in December, 2009, and closed the sale in February, 2010. "We implemented a process and marketing strategy to identify all prospective buyers in the marketplace and were able to field multiple offers from multiple buyers," said Geoffrey Schnipper, Sr. Project Manager for Hilco Real Estate. "We are pleased the process worked and were able to assist Cabela's in divesting the excess land it had owned for over a decade," Mr. Schnipper continued.

Hilco continues to market a 96+ acre tract of land for Cabela's, located along Interstate 65 in Greenwood, Indiana, just south of Indianapolis. The site was purchased by Cabela's with the intention of opening a new store, however in July, 2009, the company announced it would not move ahead with the project. Prior to the decision, Cabela's had made a substantial investment in site improvements.

For more information on the this and other Cabela's assets being marketed by Hilco, please visit www.hilcorealestate.com/cabelas or call 847-313-4790.

About Hilco Real Estate, LLC

Hilco Real Estate helps businesses improve leverage and cash flow by repositioning and restructuring their real estate commitments. The company's focus is to optimize value in the shortest period of time. Core competencies include strategic advisory and consulting services, owned portfolio disposition, lease portfolio sales/assignments, lease termination, lease renegotiation, leasing/subleasing, sale of non-core owned assets, sale/leaseback transactions, debt management, and appraisals for leased and owned assets. The company, which is headquartered in Northbrook, Ill, is a division of The Hilco Organization. For more information please visit www.hilcorealestate.com.

Hilco Real Estate, LLC
Geoffrey Schnipper
847.313.4790
gschnipper@hilcorealestate.com