Bankruptcy Real Estate Sale of Fort Worth Data Center Closes at $11.8M in Just 33 Days
Strategic marketing and an expedited virtual auction led to a high-value outcome for this Fort Worth industrial asset under Chapter 11.
$11.8M
Closing Price
33 Days
From Marketing to Close
10
Total Closing Period
Challenge
Hilco Real Estate Sales (HRE) was retained by the debtor to oversee the sale of a 50,000± SF data center/flex warehouse in Fort Worth, Texas. The bankruptcy court required an expedited disposition to satisfy creditor demands and time-sensitive legal milestones. The sale had to be completed not just quickly, but at a price that could satisfy outstanding debt obligations.
Strategy
HRE designed a strategic and highly focused sales process that balanced speed with targeted market reach. Key actions included:
- Aggressive marketing to data center operators, industrial users & flex-space investors
- Execution of a virtual auction, paired with a preemptive offer window
- Acceleration of the bid deadline by 20 days at the court’s request
- Pre-auction negotiations that produced multiple offers exceeding debt level
Results
- $11.8M Final Sale Price
- 33 Days from Launch to Close
- 10 Days Total Closing Period
- Two Preemptive Bids Above Debt Amount
- Sale Executed Ahead of Bankruptcy Court Timeline
Outcome
HRE’s ability to respond with urgency and precision led to a successful, high-value outcome in a compressed window. This case showcases HRE’s expertise in accelerated bankruptcy real estate sales and its ability to deliver strong returns even under court-imposed pressure.