Yellow Freight property up for auction

From the The Capital-Journal | CJOnline.com

Chicago-based NRC Realty & Capital Advisors, LLC, said in a news release that it had been retained to auction off the property by Overland Park-based YRC Worldwide Inc., a provider of transportation and global logistics services.

Monday's news release said the property includes a 22-door cross dock terminal and is located on a 10.76-acre site, with 1,750 square feet of office space and 9,030 square feet of dock area. The Topeka property is part of a larger sale of 61 sites located primarily in the southeast and Midwest, according to Monday's release.

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NRC announces auction of cross-dock industrial portfolio

From REJournals.com

NRC Realty & Capital Advisors LLC has announced that it has been retained by YRC Worldwide to coordinate the sale of 62 surplus cross-dock industrial sites located throughout the country.

YRC Worldwide has one of the largest less-than-truckload networks in North America, has designated these sites as surplus and has closed the facilities over the past several years.

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Sale-Leaseback is Not Dead

From the Restaurant Finance Monitor

Starbucks decided it had too many stores in La Mirada, California and last year shut one there that was located at the end of a small strip mall. Like many of the locations the coffee chain vacated, this one didn't stay empty for long. But the ultimate occupant came as something of a surprise: Burger King.

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