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Hilco Industrial, LLC, announces it has been engaged to sell the machinery, equipment and inventory assets in the 5.2 million square foot New United Motor Manufacturing, Inc. (NUMMI) plant, located in Fremont, CA.
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Hilco Real Estate, LLC, successfully brokered the sale of two properties. The sales, which closed late in 2009, cover properties located in Knoxville, TN and Elmhurst, IL. Both assets are part of a larger portfolio of real estate currently being marketed for sale. In September, 2008, Wextrust executives were charged with fraud for operating a ponzi-like scheme. Since then, the company has been in receivership.
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