Category: John Dixon Associates News
Posted: 5/21/2012
Successful John Dixon auction blitz: 11 commercial buildings, 10 events, three days, five states

ATLANTA, Ga. (May 21, 2012) -- Selling 11 commercial buildings would be a challenge under any circumstances. But when they're scattered out in more than 10 cities in five states, it calls for some serious coordination.

John Dixon & Associates not only pulled it off, but got the buildings successfully sold.

"We really felt that it was important to sell most of these buildings at the location itself, and that meant we had to form three teams, with multiple auctions two of the three days. But our folks were up to it, and we had 10 auctions, each of which ran smoothly and resulted in a successful sale," said John Dixon, president of the company.

The company dispatched one team -- including Dixon -- to Pennsylvania, where it conducted a morning auction in Richland and an afternoon event in Easton. A second team started in Riverdale, Ga., and moved on to Anniston, Ala., while the third headed to Virginia. The second day brought auctions in Hanover, Pa., Virginia Beach, Va., and Cottonwood, Ala. Finally, the Virginia and Pennsylvania teams were able to return to the company's Atlanta headquarters while the third went to Avon Park, Fla., for a final auction on the third day.

"The properties we were selling were primarily high-quality commercial buildings that had been left unoccupied as banks had gone through mergers and consolidations. It's very satisfying to get these into the hands of investors and businesses that can put them to good use in an improving economy," said Dixon. The properties sold for a total of $1.45 million.

In separate events on May 15-16, John Dixon Associates also sold four commercial properties in Tennessee for a combined $525,000. The buildings were located in Hampton, Pikeville, Spring Hill and Chattanooga.

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