Wednesday, April 8, 2009

NAI MLG Commercial Awarded Exclusive Listing to Sell the Former RE Phelon Company Building in Lomira, WI

Milwaukee (April 6, 2009) – Jon Packee and Curt Pitzen of NAI MLG Commercial have been awarded an exclusive listing agreement to sell the former RE Phelon Company’s 55,000 square foot manufacturing and distribution building, located at 990 Richard Street in Lomira, Wisconsin. This property is being offered via sealed bids as a part of the Commercial Property PowerSale™, an Accelerated Marketing Program created by NAI Global to bridge buyers and sellers of financially distressed commercial real estate assets. The 55,826 SF facility is located on approximately 5 acres of land in the heart of Dodge County. The property was built in 1977 and has a large modern addition, which was constructed in 2000. This flexible facility has 9,700 SF of office and lab space, making it suitable for a large variety of industrial and manufacturing uses. The property features loading docks, drive-in doors and extra land for possible future expansion. The Commercial Property PowerSale™ employs a variety of accelerated marketing techniques that have proven effective in previous economic cycles when traditional sales channels are gridlocked. Property owners have the option of offering their property for sale via a series of live online auctions, sealed bids or a unique combination of the two formats. Properties in the Commercial Property PowerSale™ benefit from an aggressive marketing campaign that includes focused print, broadcast and electronic advertising and a direct-to-buyer outreach to more than 175,000 active buyers. Sellers are assured a shortened sales process and a date certain sale schedule. The three program options – Auction Marketing, Sealed-Bid and Sealed-Bid Plus™ – set up a competitive bidding environment that creates urgency, forcing buyers to act immediately. NAI Global is the premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide. NAI MLG Commercial is the exclusive NAI member firm in Wisconsin. The deadline for submitting a sealed bid is May 1, 2009. Property owners, financial institutions and prospective bidders interested in learning more about the Commercial Property PowerSale™ should visit or contact Jon Packee NAI MLG Commercial.

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