Hilco Real Estate to Sell 14 Giordano’s Restaurant Properties Including Flagship Property at 740 N. Rush Street in Chicago

NORTHBROOK, lll.--(BUSINESS WIRE)--Fourteen company-owned properties of Giordano’s, the storied Chicago pizza restaurant chain, are now available for sale, either as a portfolio or individually.

 The properties include the chain’s flagship restaurant and building located at 740 North Rush Street on Chicago’s Gold Coast.

Giordano’s, a casual dining concept best known for its “World Famous Chicago Stuffed Pizza,” filed for Chapter 11 bankruptcy relief in February, 2011. William Blair & Company and Hilco Real Estate were retained to advise the debtors. Bids are being solicited for the going-concern business as well as the real estate assets on a stand-alone basis.

Properties are located in the Chicago area, Florida and Arizona. They include a mix of income producing restaurants and value-add real estate opportunities. Most locations are leased to the corporate entity or franchisees. The deadline for initial indications of interest is set for September 8, 2011.

For more information, visit www.hilcorealestate.com/pizza or by calling 847-504-2464.

Type        Location        Square Feet 

• Mixed-Use (HQ / Flagship)    740 N. Rush Street, Chicago, IL 60611    138,845 
• Single Tenant Restaurant    1040 Belmont Avenue, Chicago, IL 60657    5,925 
• Single Tenant Restaurant    280 W. 22nd Street, Oakbrook Terrace, IL 60181    8,900 
• Single Tenant Restaurant    641 Plainfield Road, Willowbrook, IL 60527    7,596 
• Multi-Tenant Retail    1323 W. Lake Street, Addison, IL 60101    6,800 
• Multi-Tenant Retail    2870 W. Rt. 34, Oswego, IL 60543    7,120 
• Multi-Tenant Retail    2075 S. Ridge Road, Minooka, IL 60447    6,265 
• Single Tenant Restaurant    333 Executive Parkway, Rockford, IL 61107    4,400 
• Single Tenant Restaurant    1115 Chicago Avenue, Oak Park, IL 60302    3,510 
• Cold Storage Warehouse    2206 S. Busse Road, Mt. Prospect, IL 60056    27,600 
• Vacant Retail    401 Dale Mabry Highway., Tampa, FL 33609    6,362 
• Unimproved Land    2462 Sand Lake Road, Orlando, FL 32809    2,287,466 
• Unimproved Land    185 Cranes Roost Boulevard, Altamonte Springs, FL 32701    74,488 
• Unimproved Land    17014 W. Bell Road, Surprise, AZ 85388    42,920 

        

For more information please visit http://www.hilcorealestate.com/.

Contacts

Hilco Real Estate, LLC

Andrew Becker, 847.504.2464, abecker@hilcorealestate.com

or

Geoffrey Schnipper

847.313.4790

gschnipper@hilcorealestate.com