Hospital Corporation of America to Sell Former Technology Center at Public Auction

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Hospital Corporation of America (HCA), based in Nashville, Tennessee, will be selling the former technology center located in downtown Louisville, Kentucky at public auction on Thursday, March 7, 2013 at 11:07 am EST. The auction will be conducted by Roebuck Auctions at the Louisville Hyatt located downtown at 311 South Fourth Street, just a few blocks from the auction property.

Commercial Real Estate Auction in Louisville, KY

Commercial Real Estate Auction in Louisville, KY

This 2.183+/- acre site is a prime location for redevelopment due to its location directly across from the United States Federal Courthouse and Federal Office Building.

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Roebuck Auctions along with Devin Ford, a Kentucky broker with Ford Brothers, Inc., will conduct the public auction of a 123,092+/- square foot, former technology center located in downtown Louisville, KY for the Hospital Corporation of America (HCA) on Thursday, March 7, 2013 at 11:07am EST.

According to Project Manager, Johnny Mitchum, “The auction method is an ideal way to sell unique properties such as the technology center. This 2.183+/- acre site is a prime location for redevelopment due to its location directly across from the United States Federal Courthouse and Federal Office Building.”

Roebuck Auctions (http://www.JohnRoebuckAuctions.com), out of Memphis, Tennessee, is the auction firm tasked with finding a buyer for the investment property, located at 708 Magazine Street, Louisville, KY. The building was upgraded in 2004 to accommodate HCA’s technology center requirements including a hi-tech security system, ILEC fiber optics and three 1650kva Kohler backup generators. It is located in the heart of downtown Louisville surrounded by federal offices and many private businesses. This concentration of businesses gives it great potential for various development opportunities.    

John Roebuck, the owner and auctioneer for Roebuck Auctions, believes the building is well suited for another technology center however it is also likely the buyer may have other development ideas or plans. “The size, zoning and location of the property in the Louisville Central Business District makes this an ideal site for a hotel, conference center, multi-tenant offices, parking garage or even multi-family housing as the zoning allows for more than 1,000 living units,” commented Roebuck.

This development opportunity will be sold to the highest bidder regardless of price at public auction on Thursday, March 7, 2013 at 11:07am EST. To learn more about this property and download a complete property information package, visit http://www.JohnRoebuckAuctions.com or http://www.DowntownLouisvilleAuction.com.

About Roebuck Auctions, Inc.:
Roebuck Auctions is a professional real estate auction firm that has been conducting successful auctions throughout the United States for over 37 years. By using the auction method of sale, a team approach is utilized when selling a property. Roebuck Auctions uses the unique talents of every team member to ensure success on auction day. Devin Ford, a Kentucky broker with Ford Brothers, Inc., is the broker on the transaction.

Media Contact:
Johnny Mitchum, Project Manager
Roebuck Auctions
501-940-3231
johnny(at)roebuckauctions(dot)com
http://www.JohnRoebuckAuctions.com

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