Trigild Named Receiver for More Than 1 Million Sq. Ft. of Office and Industrial Space
San
Diego-based Trigild, a distressed real estate, loan recovery and real estate
specialist, has added 11 commercial office and industrial properties nationwide
totaling more than 1 million sq. ft. to its growing portfolio of distressed
commercial real estate.
As
the court-appointed receiver, Trigild is charged with operating, repositioning
and protecting the properties, all currently facing foreclosure. The properties
span the country and are located in Maryland, Nevada, Florida, Texas, Oregon,
Washington and California. They include:
*
ANC/Green Valley seven
office buildings totaling 282,000 sq. ft. in Henderson, Nev.
*
Henderson Office a
7,000 sq. ft. office park in Henderson, Nev.
*
Skyline Office
Building a 30,000 sq. ft. midrise office building in St. Petersburg, Fla.
*
Congress Office Park
a 54,000 sq. ft. office park located in Delray Beach, Fla.
*
Arlington Industrial
a 5,000 sq. ft. office space with 11 individual offices located in Arlington,
Texas.
*
Empire Towers a 250,000
sq. ft. office space in Glen Burnie, Md.
*
Jantzen Office a three-building
office complex totaling 117,000 sq. ft. in Portland, Ore.
*
Intracorp three commercial
office buildings spanning 138,000 sq. ft. in the historic Pioneer Square area
of Seattle, Wash.
*
Gateway Chula Vista
a 129,000 sq. ft. office building in Chula Vista, Calif.
*
Hawthorne Medical a
36,000 sq. ft. medical office in Hawthorne, Calif.
Representing more than $3 billion in defaulted loans, Trigild continues to anticipate an increase in its receivership business in the coming year.
With a steady influx of properties facing foreclosure, our services are in demand more than ever, says Bill Hoffman, Trigild president and CEO. In particular, we expect an increased volume of business in the hospitality, office and retail sectors.
Trigild was recently named receiver for ANC/Green Valley, seven office buildings spanning 282,000 sq. ft. in Henderson, Nev.
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© 2012 Penton Media Inc.
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