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Auction Marketing Produces Immediate Results for West Virginia Commercial Properties

Press Room
Auction Marketing Produces Immediate Results
for West Virginia Commercial Properties
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United Country Auction Services & Colliers International
Team Up for Multimillion Dollar Sale

December 15, 2009 (KANSAS CITY, Mo.) – As a result of a strategic alliance between United Country Auction Services, a division of United Country Real Estate (United Country), and Colliers International (Colliers), two commercial call centers in Beckley, W.Va., and Charleston, W.Va., recently sold.   

The commercial call centers were listed previously with a commercial brokerage in West Virginia for more than a year and had not sold. The sellers, TRG (The Resource Group), engaged with Randy Burdette,
a broker/auctioneer with United Country – Riverbend USA in Alderson, W.Va., to market and sell both properties at public auction. Though the former listing company had an interested party, it was unable
to receive an offer. Within the first week of auction advertising, however, that buyer submitted a cash
offer and closed on the Charleston property within 20 days. The Beckley call center went to auction
and sold for $1.6 million to a local buyer.

“In my mind there’s no doubt that without using the auction method and the United Country/Colliers partnership, these properties would have remained on the market or would have sold for a much smaller amount,” said Burdette. “However, thanks to the accelerated marketing efforts of United Country and Colliers, they were sold in a timely manner and exceeded the sellers expectations.”

United Country and Colliers joined forces earlier this year, creating a nationwide network of commercial real estate and auction professionals – an approach that has proven to be well received by the many commercial real estate clients currently engaged with the companies and highly effective.

“United Country and Colliers each bring a strong national presence of local professionals with hundreds
of local office locations across the U.S., which allows professionals from both organizations to serve their clients in a unique manner to produce rapid commercial asset dispositions,” said Mike Jones, president
of United Country Auction Services. “We are on track to more than triple our commercial real estate transaction volume this year alone by working with Colliers and utilizing both organizations’
differentiated service offerings.”

United Country Real Estate, a national real estate franchise based in Kansas City, Mo., entered the auction industry in 2007 after recognizing the increased trend of real estate auctions. Just two years after introducing United Country Auction Services, the company’s innovative approach to selling real estate has made them an industry leader with nearly 100 auction-centric offices across the country.

Asset managers and investors interested in learning more about the accelerated commercial real
estate asset resolution services offered by Colliers and United Country may contact either Patrick
Duffy, auction coordinator for Colliers, at Patrick.duffy@colliers.com or Mike Jones, president of
United Country Auction Services at mikejones@unitedcountry.com.

About United Country

United Country Real Estate is the largest fully integrated franchise network of conventional real estate and auction real estate professionals in the United States. Based in Kansas City, Mo., the company has been an innovator in real estate marketing since 1925. United Country supports nearly 650 offices across the U.S. and in Costa Rica with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing web sites (more than 1,000 separate sites), seven proprietary real estate catalogs with a cumulative distribution of 1.5 million, an extensive, current buyer database and national advertising of properties to more than 90 million potential buyer prospects a week. United Country has been recognized by Dun and Bradstreet’s AllBusiness.com as the top U.S. real estate franchise, the Wall Street Journal as a top 1 percent franchise and Entrepreneur Magazine's
Franchise 500® as a top 100 global franchise.

2820 NW Barry Road, Kansas City, MO 64154
816-420-6200  www.unitedcountry.com

Members of the media needing information on United Country or our marketplace, contact
Angela Smith, Public Relations & Social Media Manager
Phone: 816.620.6241 or Email: asmith@unitedcountry.com
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