Distressed Property Sale in Aurora, CO Yields $18.1M Through Competitive Auction
See how HRE marketed and closed a 134-acre mixed-use development site in just 37 days as one of Colorado’s most successful bankruptcy real estate sales.
18.1M
Closing price
37 Days
Total Closing Period
7
Qualified Offers
Challenge
Hilco Real Estate Sales (HRE) was engaged by the debtor in a Chapter 11 bankruptcy proceeding to manage the sale of 134± acres of prime mixed-use development land located in the high-growth corridor of Aurora, Colorado—just outside Denver and near Denver International Airport (DIA). The sale required a carefully coordinated timeline to reach a year-end closing while maximizing value through a competitive process.
Strategy
HRE implemented a two-phased, accelerated sales process designed to attract a broad range of developers and institutional investors across the U.S. Key strategic actions included:
- Launching a nationwide digital & direct outreach campaign
- Engaging buyers with a structured bidding process to create urgency
- Facilitating due diligence & deal transparency to maintain timeline discipline
- Managing all aspects of the transaction to ensure compliance with court mandates & year-end closing requirements
Results
The transaction demonstrated HRE’s ability to navigate tight timelines and deliver results under court oversight, while driving significant competition.
- $18.1M Closing Price
- 7 Qualified Offers from national buyer pool
- 37-Day Closing Period
- Property Sold to Minneapolis-Based Buyer
- Transaction Closed Just Days Before Year-End
Outcome
This successful execution highlights HRE’s deep expertise in land disposition, structured sale formats and bankruptcy asset management. By combining speed, strategy and buyer engagement, HRE turned a complex situation into an $18.1M result—on time and above expectations.