Sunday, December 3, 2006
© Copyright 2014
Gwinnett Daily Post
LAWRENCEVILLE - More than 200 acres of land in the Gwinnett Progress Center will go to the highest bidder.
All the remaining land in the industrial complex will be auctioned off in a sale Thursday, Jay Waggoner said. Waggoner is a sales manager for John Dixon and Associates, the company that is handling the auction.
The investment group that owns the property is disbanding, Waggoner said, and wants to liquidate its assets.
"They're ready to be done with it," he said. "An auction of this type is unique. You just don't see this quality of property."
The Progress Center is located off of Ga. Highway 316 across the street from the county airport. In all, 235 acres will be auctioned in 17 tracts. The surrounding land is mainly industrial, with Publix, Home Depot and other shipping facilities located in the center.
One tract is zoned for commercial use.
Waggoner said the sale is an absolute auction, with no minimum price. The county has not had a similar land sale in more than a decade, he said.
"I don't think there's been anything in Gwinnett quite this substantial," Waggoner said. "It's a pretty unique deal."
The auction will begin at 2 p.m. Thursday at the Gwinnett Center. More information can be found at www.johndixon.com or by calling 800-479-1763.