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Stock impact report

Hilco Real Estate Sales Announces Bankruptcy Sale of Victoria Tower Office Building in Victoria, Texas [Yahoo! Finance]

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US:NYSE Investor Relations: orix.co.jp/grp/en/ir
Company Research Source: Yahoo! Finance
11 bankruptcy sale of Victoria Tower , a prominent six-story office property strategically located at 1908 N Laurent Street in Victoria, Texas. Hilco Global (PRNewsfoto/Hilco Global) Victoria Tower contains 111,856± square feet of gross building area with 104,694± rentable square feet. Built in 1982, the property is currently 57% leased, offering substantial upside potential through proactive leasing or retrofitting efforts. The property sits on a sizable 8.8± acre parcel, with two excess land sites of 3.0± and 0.7± acres respectively – totaling 12.6± acres. The building offers a highly functional layout, six floors of multi-tenant space and nearly 400 surface parking spaces with great visibility off Laurent Street. Notable tenants include a mix of government, professional, and service organizations. Victoria Tower represents a compelling investment opportunity for value-add investors and developers, with both stabilized office potential and excess land for mixed-use or future r Show less Read more
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