 |
|
 |
 |
Here's What Our Clients Say About Us...
|
 |
“Back in the 1990s, when the County of Orange filed for bankruptcy, they contracted LFC to sell their diverse
portfolio of properties worth over $250 million through conventional sealed bid and outcry auction methods.
Recently, the County used LFC’s Internet-based auction program to sell a nondescript land parcel that had been
on the market for more than three years. We established a release price of $1 million for the property. The
marketing campaign produced over 2,800 visitors to the website, 32 registered prospects and 7 active bidders.
After numerous rounds of bidding, the property sold for $1.25 million. We couldn’t believe it.”
John Williams
Public Administrator
County of Orange (California)
|
 |
“Our Manchester, Michigan, manufacturing property had been listed with a well-known national brokerage company
for almost two years without success, when we were introduced to the LFC online auction marketing program. Our
company wasn’t familiar with the auction process and, quite frankly, we were a bit skeptical at first. But after
talking to some of LFC’s past clients, we decided to give it a try. Not only did LFC end up selling our Michigan
property, but also a land parcel in South Carolina and two industrial properties located in Germany. We
established a release price of €400,000 on one of the German properties and LFC sold it for €902,000. Needless to
say, we were very pleased. I only wish we had more properties that we could include in this program.”
Jay Woerner
Director of International Marketing
Milacron, Inc.
|
 |
“The Adelphia Communication Corporation bankruptcy was the 11th largest in U.S. history. The resulting
restructuring process left us with real estate scattered across the country, in 27 states. We listed
the properties with a national brokerage firm, but after two years on the market, we still owned a very
diverse portfolio of more than 100 properties. We decided to utilize LFC’s Internet-based auction
marketing program to sell the properties. Not only did all of the properties sell in a short period of
time, one property, in particular, located in Carlsbad, California, set a Last Call® record. Valued at
$290,000, the property enjoyed day-to-day bidding in Last Call® for 33 days, eventually selling for
$481,000! The tremendous success of this sale prompted us to contract LFC to auction market Adelphia’s
ornate, 72,000 square foot, class A+ former corporate headquarters building in a second online auction
campaign.”
Paul Hemann
Assistant Treasurer
Adelphia Communications Corporation
|
|
“We knew that selling Adelphia’s elaborate former corporate headquarters building through an online
auction would attract a buyer, and multiple potential buyers at that, but we were most impressed with
how the competition for this one-of-a-kind property instigated a bidding war that lasted over 20 days.
There is no other way we could have sold such a unique property in such a short period of time. Not
only was LFC’s online auction program unique, and therefore perfect for a property like this, but it
was also very effective. The marketing campaign delivered global exposure of the property and a
convenient vehicle for potential buyers to purchase it.”
Jeff Brodsky
Plan Administrator for Adelphia Communications Corporation
Quest Turnaround Advisors, L.L.C.
|
 |
“As a broker who has been in the commercial real estate business for over 30 years, I am familiar with
conventional auction methods like sealed bid and outcry auctions; but in my experience, neither of these
methods are as effective as LFC’s web-based auction marketing program. For the past few years, I have
acted as a liaison between LFC’s auction marketing professionals and the real estate professionals with
the Grubb & Ellis Company. On a daily basis, I talk to brokers and agents who are using the program with
great success. In my opinion the online auction program on LFC.com represents the future of commercial real
estate marketing and sales. It’s transparent, fair, and it allows potential buyers to place bids from the
privacy and convenience of their own home or office, anywhere in the world. Most importantly, its competitive
bidding process delivers top dollar for our clients’ properties.”
Tim Joyce
Senior Vice President
Grubb & Ellis Company
|
 |
“Coca Cola has utilized LFC’s auction marketing programs to sell its real estate assets around the country
for more than 10 years. We have always been pleased with the sealed bid auction campaigns that they have
conducted for us; but their LFC.com online auction program has taken their auction marketing services to a
new level.”
Matt Fanoe
Director of Real Estate
Coca Cola Enterprises, Inc.
|
 |
“As one of the largest landowners in Canada, owning more than 900,000 acres on Vancouver Island alone, we
chose LFC to auction market approximately 14,000 acres of our property because of their track record of
success with diverse property types and international markets. One of our properties, in particular, was a
one-of-a-kind 12,000-acre mountaintop parcel we felt had a very select, worldwide target market. LFC’s
national and international marketing campaign, coupled with their highly competitive bidding process,
produced results beyond our every expectation.”
John Hendry
Vice President, Real Estate
TimberWest Forest Corporation
|
|
|
 |
|
|
|
