Upper Arlington Schools Building at Grandview Yard to Be Sold through June 26 Auction

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Birds Eye View of Property

We are thrilled to have been selected to help the Upper Arlington City School District sell their property near Grandview Yard and look forward to saying ‘SOLD’ on auction day.

Columbus, Ohio (PRWEB) June 03, 2012

May 30, 2012 – Qualified buyers will have the opportunity to purchase an excellent parcel of commercial land contiguous to the Grandview Yard development in Grandview Heights, Ohio. United Country – Gryphon Realty & Auction Group will conduct the live auction to sell the property on Tuesday, June 26 on-site and the broker will be Benton Benalcazar of Grubb & Ellis.

The approximate 1.56-acre property is currently owned by the Upper Arlington City School District, which is selling the real estate in order to relocate to a new property. “After more than two years of searching we have located the perfect replacement property. The UA District is excited to sell the Grandview property and move to their new location,” said Benton Benalcazar, Senior Vice President with Grubb & Ellis.

“We are thrilled to have been selected to help the Upper Arlington City School District sell their property near Grandview Yard and look forward to saying ‘SOLD’ on auction day,” Richard Kruse partner with United Country – Gryphon Realty & Auction Group.

The property is home to a single-story commercial building featuring approximately 34,000 square feet of space. It is located near the corner of Burrell & Higgs Avenues in theGrandview Yard, a premier mixed use complex that features retail, restaurants, apartments, hotels, fitness, and office buildings. See http://www.grandviewyard.com for additional information on the site development

The June 26 event is being presented by United Country – Gryphon Realty & Auction Group in conjunction with Grubb & Ellis. Interior inspections will be available June 13 and 20 from noon to 2 p.m., and an hour before auction, which will begin at 11:30 a.m.

“Upper Arlington is extremely motivated to get this property under contract on June 26,” said Chris Potts spokesperson with the Upper Arlington School System. “We’re looking forward to the next few weeks and have already scheduled a board meeting for June 27 to address the auction bids.”

Detailed information about the property for sale, as well as details about the auction, can be found online at http://www.GryphonAuction.com or by calling 614-885-0020, ext. 22 and http://www.grubb-ellis.com or by calling 614-206-5861.

About Us – Gryphon Organization

Gryphon USA, Ltd. is a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. Gryphon maintains a receivership and asset management group (Gryphon Asset Management) real estate brokerage practice and commercial auction/appraisal group (United Country Gryphon Realty & Auction Group), art, antique and pottery auction group (Belhorn Auctions) and real property management group (partnered with Borror Properties).

Melissa M. Kruse oversees the day to day operations of the parent company, Gryphon USA, Ltd. while Gryphon Asset Management operations are managed by Richard F. Kruse. Auction operations are directed by Peter Gehres and the property management partnership is maintained by Lori Steiner.

About Us – Grubb & Ellis

Headquartered in Santa Ana, Calif., Grubb & Ellis Company was founded in 1958. Over the last half century, the company has grown from a single office in San Francisco into one of the nation’s largest real estate services firms, with 4,300 employees in more than 100 company-owned and affiliate offices in 40 states. Our professionals draw from a unique platform of services, specialty practice groups, market research and extensive local expertise to deliver integrated solutions to real estate owners, tenants and investors. In 2011, Grubb & Ellis completed approximately 12,000 sale and lease transactions, and at December 31 the company and its affiliates managed more than 250 million square feet of property.

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