PRESS RELEASE

11:24 21 February in Press Release by admin

February 21, 2017

50-Acre Former Empire Brushes Property & Facilities Scheduled for Foreclosure Auction Sale

Greenville, NC – The former Empire Brushes property located at 2400 North Memorial Drive in Greenville, North Carolina has been foreclosed upon and is scheduled to be auctioned for sale on February 21, 2017 at 10:30 AM at the Pitt County Superior Courthouse door in Greenville, NC. The auction will be finalized 10 days following an offer from the highest bidder.

Currently vacant, this 50 +/- acre site contains 371,434 sq/ft of manufacturing, warehouse, and office space, CSX rail service, tractor trailer docks (28), tractor trailer parking, and is located 40 miles from I-95 via Interstate quality highway-US 264. Additionally, over 20 acres of the site is available for expansion.

Built in 1964, this site was operated by Empire Brushes, Inc. until being purchased by Rubbermaid in 1994. The site was has undergone multiple facility expansions and upgrades since that time. Rubbermaid has since transferred ownership of the site yet maintains responsibility for environmental liabilities.

Commercial Development Company, Inc. (CDC) took ownership of the current owner’s loan agreement in December 2016, which has since gone into default. Interested parties can contact CDC representative Mark Clarkson at 314-835-2809 or reference the link below: https://www.pittcountync.gov/336/Tax-Foreclosures-for-Sale.

About Commercial Development Company, Inc.

Commercial Development Company, Inc. (CDC) is a privately-held, diversified real estate acquisition and development firm whose principal competency lies within the acquisition, repositioning, and redevelopment of underutilized, distressed or environmentally-challenged properties. CDC has purchased and developed over 50-million-square feet under roof located on over 175 sites throughout the United States and over 300 sites throughout the United States and Canada. For more information, visit www.cdcco.com.