Tuesday, January 16, 2007

"As Is, Where Is"--Really?

It's probably some sort of legal requirement, but ....really!!

Amcast Industrial Corporation has retained Keen Realty, LLC as special real estate consultant to market for sale the Company's excess industrial properties.

The property is located in Cedarburg, Wisconsin. The site consists of 8.4 acres of land and is improved with buildings totaling approximately 215,000 sq. ft. The two main buildings on the property are a manufacturing facility with 175,000 sq. ft. and an office building with 30,000 sq. ft. This location is ideal for continued use as an industrial/office use or for redevelopment.

"The property will be going to auction on February 13, 2007 in Indianapolis, IN. It will be sold as-is, where-is to the highest bidder at the auction, subject to Bankruptcy Court approval. All interested parties must act now."

Fooey. I wanted to purchase the property, but only if the seller assumed responsibility to move the damn thing to Brookfield.

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