Tranzon Auction Properties sells Former Aurora Provisions property in Portland's West End
14 Jan, 2019 - Tranzon Auction Properties
PORTLAND, ME, January 14, 2019 - With a room full of bidders, Tranzon Auction Properties sells iconic location in Portland’s West End.
The live auction brought ten bidders to compete for a chance to own the former gourmet food shop and café . From initial engagement, Tranzon realized the community was anxious to learn what the sale of this building would bring to the neighborhood.
As the crowd gathered in anticipation for the auction to begin, passersby were mistakenly coming through the front door in hopes of ordering a quick brunch, only solidifying the fact that the West End was missing a spot for locals to casually dine during the day.
Tranzon Auction Properties employed a six week marketing campaign. “Interest in the property came from throughout the country,” said Sophia Rosendo, Associate Broker at Tranzon. “Over 3,100 people viewed the online listing and 80 people requested detailed information packages. It was a tremendous response.”
“This property sits in an area that is renowned for its historic charm with magnificent Revivals, Italianates and Federal homes lining the streets. Its walk-ability, exceptional restaurants and parks all add to the area’s appeal. Our marketing team has spent hundreds of hours honing our ability to find the right buyers through digital outlets like Facebook and Instagram. It’s something we’re extraordinarily proud of and it’s a competitive advantage that no other auction company in the Northeast can match,” said Mike Carey, Senior VP at Tranzon Auction Properties.
The auction was well attended, bringing a variety of other restaurant owners, real estate investors, brokers, and developers to the room. After nearly half an hour of competitive bidding, the property sold for a high bid of $1,075,000 - a success for both buyer and seller.
Tranzon Auction Properties is a member company of Tranzon, LLC. Tranzon is one of the largest real estate auction companies in the country, with 30 offices coast-to-coast. Tranzon’s accomplished auction professionals are widely recognized as leaders in the auction industry. All Tranzon companies are independently owned and operated.