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Fourteen sites owned by United Furniture Industries will be up for auction later this month

United Furniture Bankruptcy Sale Slated for July 25 in Memphis

Fourteen sites owned by United Furniture Industries will be up for auction later this month. United, also known as Lane Furniture, ceased operations in November and has filed Chapter 11 bankruptcy.

B. Riley Real Estate will conduct the auction for the properties, four of which are located in North Carolina totaling almost 1.5 million square feet. The sale is scheduled for July 25 in Memphis, TN near the office of the district bankruptcy court overseeing the company’s case.

Bids will be considered on individual properties or the entire portfolio. The minimum bid for the 14-site portfolio, encompassing 5 million total square feet, is $65 million.

Bids will be accepted until 5 p.m. Central Time July 14. Bidders will be notified by July 21 if they are qualified to attend the auction. Property closings are expected in late August after a sale hearing.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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