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	<title>Sudden Archives - VRJ Properties</title>
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		<title>Foxtrot Assets Sold at Auction Following Sudden Closure</title>
		<link>https://vrjproperties.com/foxtrot-assets-sold-at-auction-following-sudden-closure/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Fri, 10 May 2024 22:55:44 +0000</pubDate>
				<category><![CDATA[Hospitality]]></category>
		<category><![CDATA[Multi-Tenant]]></category>
		<category><![CDATA[Multifamily]]></category>
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		<category><![CDATA[Assets]]></category>
		<category><![CDATA[Auction]]></category>
		<category><![CDATA[Closure]]></category>
		<category><![CDATA[Foxtrot]]></category>
		<category><![CDATA[Sold]]></category>
		<category><![CDATA[Sudden]]></category>
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					<description><![CDATA[<p>Foxtrot’s assets were sold at auction Friday for more than $2.2 million, reported Crain’s. The buyer was holding company Further Point Enterprises. The auction was conducted by JPMorgan Chase Bank, a debtor of Foxtrot, through its counsel, DLA Piper.  The sale...</p>
<p>The post <a href="https://vrjproperties.com/foxtrot-assets-sold-at-auction-following-sudden-closure/">Foxtrot Assets Sold at Auction Following Sudden Closure</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="27720532-d14c-4827-93d1-25c2b5f1cef5"><a href="https://foxtrotco.com/" target="_blank" rel="noreferrer noopener">Foxtrot’s</a> assets were sold at auction Friday for more than $2.2 million, reported <a href="https://www.chicagobusiness.com/retail/foxtrot-assets-sell-auction" target="_blank" rel="noreferrer noopener"><em>Crain’s</em>.</a> The buyer was holding company <a href="https://www.further-point.com/" target="_blank" rel="noreferrer noopener">Further Point Enterprises.</a> The auction was conducted by <a href="https://www.jpmorganchase.com/" target="_blank" rel="noreferrer noopener">JPMorgan Chase Bank</a>, a debtor of Foxtrot, through its counsel, <a href="https://www.dlapiper.com/en" target="_blank" rel="noreferrer noopener">DLA Piper</a>. </p>
<p data-beyondwords-marker="7103a6d6-80a8-43aa-8b88-80a5d77ec90d">The sale of the assets follows the sudden move by Outfox Hospitality, the group that owned Foxtrot and small-format grocer Dom’s Kitchen &amp; Market, to abruptly close all stores in multiple states last month. Chicago-based Foxtrot had 33 locations in Chicago, Washington, D.C., Dallas and Austin, while Dom’s had two stores in Chicago.</p>
<p data-beyondwords-marker="9aa2a57c-73d7-4e61-b724-07ccd0dd15e1">According to <em>Crain’s</em>, Foxtrot’s auctioned assets included goods, equipment, inventory, intellectual property, figures and more. Leases were not included. Assets belonging to Dom’s Kitchen and Market were also put up for bid but were not sold. The company is also facing several lawsuits from employees who allege the sudden closures did not provide the required 60-day notice under the Fair Notice Ordinance before jobs were terminated. </p>
<p data-beyondwords-marker="0487b89f-872e-444c-a334-13e9c64ce4ce">Don’t miss the <strong>Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC </strong>at <a href="https://www.connectconferences.com/blog/conferences/connect-midwest-multifamily/?utm_campaign=Connect%20Midwest%20Multifamily%202024&amp;utm_source=connect_cre" target="_blank" rel="noreferrer noopener">Connect Midwest: Multifamily, Affordable, Student &amp; Senior Housing Trends</a> on <strong>June 4, 2024</strong>, at the W-Chicago, City Center Hotel, Chicago, IL<strong>.</strong> <a href="https://www.connectconferences.com/blog/conferences/connect-midwest-multifamily/?utm_campaign=Connect%20Midwest%20Multifamily%202024&amp;utm_source=connect_cre" target="_blank" rel="noreferrer noopener">Register Today </a>to network with your peers! </p>
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<br /><a href="https://www.connectcre.com/stories/foxtrot-assets-sold-at-auction-following-sudden-closure/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/foxtrot-assets-sold-at-auction-following-sudden-closure/">Foxtrot Assets Sold at Auction Following Sudden Closure</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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