GA Keen Realty Advisors, a division of Great American Group LLC (OTCBB: GAMR), a leading provider of asset disposition, valuation, real estate and appraisal services, has been chosen by Morgan Industries and its related debtors to market six industrial sites in Maryland, New Jersey and Florida.

"Each of the properties are in attractive locations and offer excellent redevelopment potential for those looking for industrial waterfront properties," said GA Keen Realty Co-President Matthew Bordwin. "The properties are being sold as part of a bankruptcy proceeding and we've been engaged by the debtor, who represents very well-known brands including Hunter Marine, Luhr's and Silverton Marine."

The properties available include:

  • Two parcels of vacant land, 10 and 19 acres in size, located on Marine Road in Salisbury, Maryland that are zoned for heavy industrial use, located west of the Salisbury-Ocean City Wicomico Regional Airport and south of Bennett Airport;
  • A boat manufacturing facility located on 19.2 acres at 301 Riverside Dr. in Millville, New Jersey, which includes four buildings offering 234,013 square feet of industrial space - and convenient access to Millville Municipal Airport and State Highway 55;
  • A 38.1 acre site at 14700 NW US Highway 441 in Alachua, Florida, located a few miles north of Gainesville, Florida and convenient to US Interstate 75. Nine buildings, representing a total of 210,080-square-feet of space, are on the property;
  • A .33 acre parcel of land located at 411 Mulholland Park in Palatka, Florida, just west of US Interstate 95, which includes a 2,260-square-foot boathouse, dock and platforms; and
  • A waterfront boat manufacturing facility located on 38.09 acres at 255 Diesel Rd. in St. Augustine, Florida within close proximity of US Interstate 95, which includes 12 buildings representing a total of 164,414 square feet of industrial space.

October 5, 2012 is the offer deadline for the properties, but Bordwin notes that offers can and will be considered prior to that date and encourages interested buyers to contact GA Keen Realty as soon as possible.

All sales are subject to bankruptcy court approval.

For more information about the properties, visit the GA Keen Realty website at http://www.greatamerican.com/real_estate/listings.aspx or contact Matt Bordwin at 646-381-9222.

GA Keen Realty Advisors provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services. For more information, contact GA Keen Realty Advisors at (646) 381-9222.

About Great American Group, LLC (GAMR-G)

Great American Group, LLC, is a leading provider of asset disposition solutions and valuation and appraisal services to a wide range of industrial and retail clients, as well as lenders, capital providers, private equity investors and professional service firms. Great American Group has offices in Atlanta, Boston, Charlotte, North Carolina, Chicago, Dallas, London, Los Angeles, New York and San Francisco. For more information, contact (818) 884-3737 or visit www.greatamerican.com.

Media Contacts:
Great American Group
Connie Stevens, 847-943-2094
Marketing Manager
cstevens@greatamerican.com
or
Mulberry Marketing Communications
Ron Whittington, 904-355-8680
Senior Account Executive
rwhittington@mulberrymc.com