Attorneys & Trustees
With over 80 years of experience you can count on Alex Cooper's real estate expertise in the sale of court ordered and foreclosure sales. Many of Maryland's and Washington, DC's most prominent law firms rely on us daily to maximize the value of their deeds of trust and real estate assets. Take a look below at just a few examples of successful sales we have conducted.
PROJECT: 1901 62ND STREET (HOLLANDER 95 BUSINESS PARK) - Baltimore City, MD
1901 62ND STREET (HOLLANDER 95 BUSINESS PARK)
CLIENT: OBER, KALER, GRIMES & SHRIVER
PROPERTY TYPE: INDUSTRIAL
DESCRIPTION: Property consisted of an 82,800 square foot industrial warehouse building located within the Hollander 95 Business Park development off Pulaski Highway. Auction was held at the property and Alex Cooper Auctioneers, Inc. (“ACA”) generated roughly 40 people ranging from brokers, investors, local media and prospective purchasers. Property was purchased by a third party developer.
PROJECT: 300 W. 23RD STREET (AUTOMOBILE SERVICE STATION) - Baltimore City, MD
300 W. 23RD STREET, BALT., MD
CLIENT: GEBHARDT & SMITH, LLP
Property Type: Commercial
DESCRIPTION: Property consisted of 2.39 acres of land, improved with a 14,000 square foot automobile service station containing multiple vehicle lifts, repair facilities and office space. ACA was not provided access to the building and therefore conducted the sale in the parking lot. Along with the proper bidding instructions given to us by our client, ACA recommended to start the bidding slightly below the debt amount to see if we could generate some activity. ACA did just that. Bidding went back and forth between the lender and a third party buyer until ultimately, the property was sold to a third-party for greater than the debt + costs amount, therefore creating a surplus of proceeds.
PROJECT: 100 M STREET- Washington, DC
100 M STREET
CLIENT: ROSENBERG | MARTIN | GREENBERG, LLP
PROPERTY TYPE: OFFICE
DESCRIPTION: 12-story 243,000 square foot Class A office building in the Capital Riverfront neighborhood of Washington,DC. Potential bidders were asked to sign confidentiality agreements prior to receiving the marketing package. ACA created the print advertisements, marketing package, website ad and filtered all calls from media and market prospects. Approximately 50 people attended the auction. ACA generated active bidding into the $50+ million range and was ultimately purchased back by the note holder.
PROJECT: COMFORT SUITES LAUREL LAKES- Laurel, MD
CLIENT: GALLAGHER, EVELIUS & JONES, LLP
PRODUCT TYPE: HOTEL
DESCRIPTION: Property consisted of a 118 room hotel located in Laurel. Alex Cooper Auctioneers, Inc. (“ACA”) handled roughly two dozen phone calls from local and national hospitality groups. On the day of the auction, ACA had 7 interested groups registered and bidding went roughly $1 million over the lenders buy-in price. A positive sale for everyone.