Tranzon
Media Contact
Edward Durnil
Tranzon Asset Advisors
edurnil@tranzon.com

FOR IMMEDIATE RELEASE              

Creditor Ordered Auction of 48 Acre Development Land in Greater Memphis, TN along with 14 other properties Nationwide

Tranzon Asset Advisors, a national real estate auction firm, has been hired by a private equity creditor and several national lenders to auction foreclosed investment and commercial real estate across the USA. This auction event is creating incredible opportunities for buyers and brokers to capitalize on! One of those is located in the greater Memphis area.
This well located, 48+/- acre parcel of development land is located in a growing area of northeast Memphis. The property is located at Singleton Parkway and Austin Peay, just south of the town of Bartlett and is within one block of Methodist Hospital North as well as such names as Wal-Mart, Walgreens, Pizza Hut, Wendy’s, Burger King, Firestone and many others.

With a beautiful lake and lots of large timber this property is ideal for a wide variety of uses. Whether you are looking to do a residential development, multi-family units or commercial, this is a great opportunity to buy one of the virtually untouched properties in the area. The property is currently zoned residential but is adjacent to virtually every type of commercial property. The only structure on the property is a small home built in the 1930’s that has been vacant for an extended period of time.

This is an opportunity you don’t want to miss, so make your plans now to drive by and see the property at your convenience and to join us for the auction on February 26th at 12:00 PM. The auction will be conducted at the Holiday Inn Select East, 5795 Poplar Avenue, Memphis, Tennessee (I-240 & Poplar Avenue).

As the national economy has cooled the need for serious sellers and institutions to clear up excess real estate inventory has lead to innovative marketing, spearheaded by Tranzon member companies across the USA. This property is a part of a massive nationwide marketing campaign that features 14 commercial and investment properties from New Jersey to Utah. “This First Quarter Multi-Seller Auction event is proving to be the most efficient method to sell great properties, while maintaining local and regional focus” said Ed Durnil, CEO of Tranzon Asset Advisors. “If you are a buyer, investor, business or owner/occupant it’s going to be hard not to take a look at these properties”, he added.

Tranzon Asset Advisors, headquartered in Elizabethtown, KY, is a full-service real estate auction company and a member company of Tranzon, L.L.C., which is based in Richmond, Va. Founded in 2001, Tranzon L.L.C. has 14 independently owned and operated member auction companies that collectively have more than 25 offices coast-to-coast. The professionals working at Tranzon member companies specialize in providing real estate auction and accelerated marketing services to corporations, financial institutions, trustees, individuals and estates throughout the U.S. Tranzon member companies regularly conduct over 1,000 auctions and 2,500 property valuations per year, effecting in excess of three billion dollars in real estate per year.

For a complete list of auctions and sales or to learn more about Tranzon visit www.tranzon.com. Enter property number TAA-0810 more information on this Auction.