Hostess Brands: Selling Excess Real Estate

Kansas City / MO. (hbllc) While pulling off «The Sweetest Comeback in the History of Ever», Hostess Brands LLC 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, 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 time-frame 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». 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.

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