Real Estate Company in Florida for Auction

Public Auction Sale of substantially all the Assets of Adams Street Lofts, LLC conducted by Sperry Van Ness Auction Services, LLC. The Assets include all of the unsold condominium units (17 units) located in  Tallahassee, Florida.

Adams Street Lofts, LLC is in the Real Estate business and developed and sells condominium units located at 420 North Adams Street, Tallahassee, Florida (the “Project”). The Project consists of 31 units of which, 17 units have not been sold and are owned by the company, and these units are presently being rented. The Company has a Licensing Agreement with Gemini Parking Deck for covered parking.

The Sale Assets are more described below:

(a) the agreements and contracts relating to the Project;
(b) all inventory relating to the Project, wherever located;
(c) all fixtures, machinery, equipment, furniture, supplies and tangible personal property owned by Company and used in connection with the Project, wherever located;
(d) all files, papers, computer files, customer lists and records, advertising materials, promotional materials, studies, reports and books and business records of Sellers in any medium relating to the Project;
(e) all Permits;
(f) all Intellectual Property used by Company in connection with the Project and all registered trade names and trademarks held by Company;
(g) all prepaid expenses related to the Acquired Assets, and, to the extent transferable, all deposits posted with utility companies, lessors, vendors or suppliers relating to the Project (collectively, the “Acquired Deposits”);
(h) all rights of Seller under any insurance policies maintained by Company relating solely to the Acquired Assets and Acquired Contracts, to the extent they are freely assignable.