FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

A&G Real Estate Partners and Murray Wise Associates Land Stalking-Horse Bidder for Massive Agricultural Complex in Kentucky

January 13, 2022, 06:00 AM
Filed Under: Real Estate


A&G Real Estate Partners and Murray Wise Associates LLC are under contract with a stalking horse bidder in the receivership sale of a 1.87 million-square-foot greenhouse and agricultural warehouse complex on 151 acres in Paris, Kentucky.

The bidder has entered into an asset purchase agreement for $22.5 million, the JV partners announced. Competing bids, which must meet or exceed $22.85 million, are due by the close of business on January 31.  

A&G and Murray Wise Associates are also accepting bids on a nearby 50,587-square-foot manufacturing and warehouse facility. Sealed bids for that asset are due before the close of business on Tuesday, February 1.

As noted in a prior press release, the assets were previously used as part of AgTech Scientific’s large-scale hemp-growing and CBD-production operations in Kentucky.

The asset sales are being conducted on behalf of Aurora Management Partners, Inc., the Receiver for AgTech Scientific Group, LLC; Color Point, LLC; and other affiliates, as part of a federal receivership case pending in the United States District Court for the Eastern District of Kentucky, Lexington Division. The ultimate sales will be subject to approval by the federal receivership court.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.