Hostess Brands Selling Excess Real Estate in Online Auction

Hostess Brands, LLC is continuing the process of liquidating excess real estate acquired from Old HB, Inc.

Business Wire

KANSAS CITY, Mo.--(BUSINESS WIRE)--

While pulling off “The Sweetest Comeback in the History of Ever”™, Hostess Brands has been using a ±40,450 square foot, two-story building located in Kansas City, Missouri, as its corporate headquarters until it locates a permanent headquarters building. The property is now featured on LFC’s auction website, Freedom Realty Exchange (FRE.com), and presents an incredible opportunity for an owner/user or investor to purchase with a guaranteed one year leaseback.

The property has been on the market for more than a year and with no certainty of a sale, it became evident to the company that an online auction could attract attention from a larger group of potential buyers and set a timeframe for the sale.

In addition to the low starting bid, the purchase of the building includes a one-year leaseback, giving Hostess Brands the time they require to locate a new headquarters building in the Kansas City metro area and the new owner a guaranteed income until they move their employees into the building or find new tenants.

“When traditional methods stop delivering results, we find many property owners turning to online auctions to re-energize buyer interest from a broader market,” explains Kelly Lovegrove, director of marketing for the auction company. “Hostess Brands found themselves in this situation and decided the online auction could produce the best outcome.”

PROPERTY DETAILS

  • ±40,450 square feet including an approx. 8,650 square foot basement, a former call center
  • High traffic, corner location
  • Conveniently located near mass transit
  • Sale/Leaseback– guaranteed one year leaseback with sale

AUCTION DETAILS

  • Minimum bid: $999,000
  • Bid deadline August 7, 2014
  • Auction website for property documents www.FRE.com

Other Hostess Brands properties available in the auction are former Bakery Outlets in Hampton, Virginia; Tallmadge, Ohio and Indianapolis, Indiana.

As with all auctions on the Freedom Realty Exchange website, interested buyers have online access to view and download due diligence materials, and the convenience of submitting bids through a secure online process.

Hostess Brands, LLC

For more information about Hostess Brands, LLC, please visit hostesscakes.com and hostessbrands.com. Follow Hostess® on Twitter: @Hostess_Snacks; on Facebook: facebook.com/Hostess; on Instagram: Hostess_Snacks; and on YouTube: youtube.com/HostessSnacks.

LFC Group of Companies

For more than three decades, the LFC Group of Companies has been a leader in the real estate auction industry, beginning with the traditional, outcry auction events and pioneering the transition to 100% online auctions. Working with clients across the globe such as real estate developers, financial institutions, community and investment banks, private investors, the U.S. Bankruptcy Court, private equity funds and government agencies, the LFC Group of Companies has sold billions of dollars’ worth of real estate by providing a complete suite of real estate disposition strategies and auction marketing programs. The Freedom Realty Exchange is owned and managed by LFC Internet Marketing, Inc., a member of the LFC Group of Companies. www.LFC.com

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Contact:
LFC Group of Companies
Kelly Lovegrove, 949-706-6113
klovegrove@lfc.com

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