Hilco Real Estate, LLC announces February 12, 2020 as the sealed bid deadline for the sale of the former Fansteel property, ideally located along the Arkansas River in Muskogee, Okla., immediately south and adjacent to the Port of Muskogee.
Previously home to Fansteel’s operations for decades, this property includes 120,000+ SF of industrial and office buildings and boasts heavy power. The property is located at the interchange of Muskogee Turnpike and East Shawnee Bypass, amidst an industrial and manufacturing area that includes companies in the machinery, metal fabrication, rubber products, food products, and consumer goods businesses. Nearby companies include Oakley’s Terminal, a cargo handling company, and NGL Supply LLC, a natural gas liquids and crude oil company. With the property’s proximity and accessibility to the Arkansas River and the Port of Muskogee, this offering represents a prime opportunity for industrial users.
The property is located along the McClellan-Kerr Arkansas River Navigation System which is, according to the Muskogee Port’s website, the nation’s most inland all-weather waterway. This waterway links Oklahoma with inland ports on the Illinois, Mississippi, and Ohio Rivers, as well as seaports around the world via the Gulf of Mexico. Shipping activity at the Port of Muskogee focuses on bulk shipments of asphalt, agriculture products, construction materials, and more. The Muskogee Phoenix estimates there were a total of 658,304 tons moved through the port in 2018.
This property has rail spur access with an easement for railroad right-of-way to the Kansas, Oklahoma, and Gulf Railroad. The Tulsa International Airport is just 45 minutes northwest of the property, and Muskogee Port asserts the airport is approximately 95% of the U.S. population is within a 2.5-hour flight.
Joel Schneider, Senior Vice President at Hilco Real Estate, stated “This property is ideally situated for various types of industrial users looking to expand or locate in this market.” He continued, “Being adjacent to the port of Muskogee is a huge advantage for the right industrial user, especially one who requires water access for bringing in raw materials and/or shipping out finished goods.”
The bid deadline is scheduled for Wednesday, February 12, 2020. Bids must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (CT) on the day of the deadline to be considered. Interested buyers should review the detailed bid procedures for requirements in order to participate in the sale process available on Hilco’s website. For further information on how to participate in this sale, please contact Jake Soyka at (847) 504-3224 or [email protected]. Bids may be submitted via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to [email protected].
For further information on the property, an explanation of the sale process, sale terms or to obtain access to property due diligence documents, please visit HilcoRealEstate.com or call (855) 755-2300.
About Hilco Real Estate
Hilco Real Estate (“HRE”), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.