Relevant Assignments

Convenience

Stores

  • Swifty Serve Corp. and Clark Retail Enterprises, Inc. liquidating Chapter 11 bankruptcies,
1200 stores, 400 buyers, secured creditor GE Capital Franchise Finance Corp.

  • 2,845 stores sold individually and in groups for 7-Eleven, BP America, Sunoco, RaceTrac Petroleum and
dozens of other clients

Restaurants

  • Bennigan’s/Steak & Ale chapter 7 bankruptcy – 42 stores, 6 states, secured creditor GE Capital Franchise Finance Corp.

  • Hops Grillhouse and Brewery, chapter 11 bankruptcy, 18 restaurants, 9 states

  • Large Hardee’s franchisee receivership sale – 33 operating and 5 closed Hardee’s restaurants throughout the upper Midwest

  • Denny’s restaurant franchisee – M&A sale of 20 Denny’s restaurants in Arizona and New York

Hotels

  • 94 room full-service hotel with 21-acre development site, Natchez, Mississippi (Private Sale)

  • 54 room limited-service hotel, Fort Hood, Texas (Lender Short Sale/FDIC Loss Share Agreement)

  • 62 room limited-service hotel, High Desert, California, chapter 11 bankruptcy

  • Resolution Trust Corporation – multiple hotels in Arizona, Texas, Illinois, California and other states

Industrial 

Propery

  • YRC Worldwide, Inc. – Sale of 61 cross dock terminals in 24 states

  • Getty Realty Corp. industrial sites, New York City Area

  • Resolution Trust Corporation/FDIC – multiple industrial properties

Foreclosure

and

Note Sales

  • GD Holdings Inc. – 42 closed convenience stores in Kentucky and Tennessee sold individually through court foreclosure proceedings with pre-arranged stalking horse bidders. Secured creditor GE Capital Franchise Finance Corp.

  • Multi-building and excess land parcel, Southern Illinois (Foreclosure Certificate of Sale)

  • Gas Station and Convenience Store, Northwest Chicago, Suburb (Note Sale)

Additional 

Bankruptcy

Sales

  • 190,000 sf mixed-use development project, Colorado Springs, chapter 11 bankruptcy 

  • 43,000 sf retail strip center, outside Denver, Colorado, chapter 11 bankruptcy proceeding

  • Former bank branch, Phoenix, Arizona, chapter 11 bankruptcy

Governmental

Ordered

Sales

  • FDIC and Resolution Trust Company (RTC):  Awarded 33 contracts during Savings and Loan crisis selling 3,900 properties for $890 million over four years

  • Department of Justice (DOJ): Retained by Special Trustee, Dom DiNapoli, to sell 41 commercial properties for the estate of GM car dealer John McNamara

  • US Marshals Service:  Sold more than 40 properties for an excess of $15 million

Additional

Commercial

Sales

  • Historic campus of Sears & Allstate, Chicago, Illinois

  • 65-acre development site, Fort Myers, Florida

  • National franchise hardware store, Oregon Central Coast

  • Horse farm, Lexington, Kentucky (US Marshal Asset Seizure)

  • Golf Courses: Harbor Club, Lake Oconee, Georgia (chapter 11 bankruptcy); Hope Plantation, Charleston County, South Carolina (RTC); Harbor Hills Country Club and residential development, Lady Lake, Florida (US DOJ)

Timeshare

Resorts

  • Harbor Hills at Provincetown, Cape Cod, Massachusetts

  • Inn at Silver Lakes, Helendale, California

Portfolio

Sales

  • 23 Properties mixed and scattered across five States

  • 83 Properties for Builder Close-Out, Chicago, Illinois

  • Various Loan Servicer and Asset Manager Engagements

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