Trigild Tapped to Liquidate $50 Million Retail PortfolioTuesday, October 22, 2013
San Diego-based real estate services firm Trigild has been named liquidating trustee for a $50 million portfolio of 37 strip retail centers in 17 states.
Josh Hall, Trigild’s regional director of real estate, said the company was appointed trustee by the U.S. Bankruptcy Court’s Northern District of Indiana.
Trigild will now research options and eventually facilitate disposition of the properties via a third-party broker, after originally being tapped in June by Coldwater Portfolio Partners LLC to oversee daily operations of the properties, said Brian Morelan, managing director of commercial real estate for Trigild.
The retail centers, encompassing 600,000 square feet, are located throughout the Southeast, West and Midwest.
Trigild, in business for 37 years, provides services nationwide to property owners, investors, financial institutions and courts, often in relation to financially distressed real estate.
— SDBJ Staff Report