H
ilco Real Estate Sales announces a November 6, 2024, deadline for qualified bids on the Chapter 7 bankruptcy sale of 403± acres of development land in Georgetown, Texas. The property will be sold as a whole.
Located north of downtown Austin, Georgetown is one of the nation's fastest-growing cities, with a 53% population increase since 2020 to over 105,499 residents. Its affordability, low cost of living, and proximity to major employers make it an attractive location for businesses and residents alike.
The site, situated six miles east of downtown Georgetown along the San Gabriel River, is planned for a premier mixed-use project featuring single and multifamily homes, retail, office, hospitality, and entertainment components. The area benefits from nearby large retail amenities, attractions, and major employers like Samsung Austin Semiconductor, Dell headquarters, Tesla Giga Factory, and Baylor Scott & White Medical Center.
The property's frontage along Highway 29, proximity to Interstate 35 and Toll 130, and access to local and national retailers make it a prime opportunity for multifamily, retail, office, and hospitality developers. The adjacent Williamson County Corridor C project will bring increased connectivity to the development upon its completion in summer 2026.
Terry Rochford, senior vice president of business development at Hilco Real Estate Sales, notes that the property's size, accessibility, proximity to global tech employers, and explosive area population growth make it one of the most compelling development opportunities in Central Texas. Steve Madura adds that investors are seeking alternative opportunities due to macro-economic uncertainty, and real estate has historically provided long-term stability and diversification.
The sale is subject to bankruptcy court approval and requires bids to be submitted on or before November 6 at 5:00 p.m. (CT) using the Purchase and Sale Agreement document available on Hilco Real Estate Sales' website. The sale confirmation hearing is scheduled for November 20 at 1:00 p.m. (CT). Interested bidders should review the requirements to participate in the bankruptcy sale process.
Hilco Real Estate Sales advises and executes strategies to assist clients in optimizing their real estate assets, improving cash flow, maximizing asset value, and minimizing liabilities and portfolio risk. The trusted team has secured billions in value for hundreds of clients over 20+ years, providing expertise in complex transactions, lease renegotiation, sales structures, strategic asset management, and capital optimization.
