NORTHBROOK, Ill., July 25,
2024 /PRNewswire/ -- Hilco Real Estate Sales
announces September 18, 2024 as the
bid deadline for the sale of the sports complex located at 1808
Woodcreek Bend Lane in Katy,
Texas.
Built in 2019, this 39,360± SF sports complex features four
large courts that meet NBA and NCAA regulations for basketball and
volleyball. In addition, the courts can also host pickleball,
capitalizing on the growing interest in the sport. Retractable
bleachers line one wall, providing seating for everything from
practices to full-fledged tournaments. Amenities include an on-site
medic room, fitness and training area, café with seating and
vending machine spaces as well as locker rooms with showers.
Situated on 5.46± acres, the site offers room for expansion,
potentially adding outdoor courts for pickleball, tennis or
badminton. With 170 parking spaces and room for additional parking,
this property is positioned to capitalize on Texas's sports culture.
Katy is situated in the western
part of Houston and benefits from
proximity to the massive metropolitan area. As of 2022, the city
had a population of 22,800—up 4.1% from 2021. Additionally, the
Katy Independent School District is ranked #17 in the state and #1
in the Houston area, serving
88,000± students with 74 schools. Both Igloo and Academy Sports +
Outdoors have established corporate headquarters in the area,
helping anchor the economy. The Katy Freeway (I-10 West), the Grand
Parkway and the Westpark Tollway easily connect the city to the
Energy Corridor and the greater Houston area.
Houston, Texas is the fourth
largest city and fifth largest metropolitan area in the U.S.
From 2021 to 2024, its population grew by 4.79%. The city's central
location and world-class transportation infrastructure, including
two major international airports and a busy port, provide easy
access to domestic and international markets. Houston's low taxes, affordable living and
highly skilled workforce has created a favorable business
climate.
Chet Evans, vice president at
Hilco Real Estate, states, "This state-of-the-art facility, built
in 2019, is not only strategically located near Houston's booming metropolitan area but also
offers extensive amenities and expansion potential. We encourage
interested parties to seize this chance to own a versatile property
in one of the nation's most dynamic regions."
The sale is being conducted by Order of the U.S. Bankruptcy
Court District of the Southern District of Texas (Houston), Bankruptcy Petition No. 23-32826,
In re: Open Court Sports Complex, LLC. Bids must be received
on or before the deadline of September
18 at 5 p.m. (CT) and must
be submitted on the Purchase and Sale Agreement available for
review and download from Hilco Real Estate Sales's website.
Interested buyers should review the requirements in order to
participate in the bankruptcy sale process available on Hilco Real
Estate Sales's website. For further information, please contact
Chet Evans at (847) 418-2702 or
cevans@hilcoglobal.com and Jiovanny
Restrepo at (847) 386-2282 or jrestrepo@hilcoglobal.com.
For further information on the property, sale process, and terms
or to obtain access to due diligence documents, please
visit HilcoRealEstateSales.com or call (855) 755-2300.
About Hilco Real Estate Sales
Successfully
positioning the real estate holdings within a company's portfolio
is a material component of establishing and maintaining a strong
financial foundation for long-term success. At Hilco Real Estate
Sales (HRE), a Hilco Global company (HilcoGlobal.com), we
advise and execute strategies to assist clients seeking to optimize
their real estate assets, improve cash flow, maximize asset value
and minimize liabilities and portfolio risk. We help clients
traverse complex transactions and transitions, coordinating with
internal and external networks and constituents to navigate
ever-challenging market environments.
The trusted, full-service HRE team has secured billions in
value for hundreds of clients over 20+ years. We are deeply
experienced in complex transactions including artful lease
renegotiation, multi-faceted sales structures, strategic asset
management and capital optimization. We understand the legal,
financial, and real estate components of the process, all of which
are vital to a successful outcome. HRE can help identify the most
viable options and direction for a company and its real estate
portfolio, delivering impressive results in every situation.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hilco-real-estate-sales-announces-sale-of-39-000-sf-open-court-sports-center-in-katy-texas-302206754.html
SOURCE Hilco Real Estate