SOURCE: John Dixon & Associates

John Dixon & Associates

September 20, 2011 16:22 ET

Foreclosed Commercial, Residential Properties Set to Sell in Phoenix Auction

PHOENIX, AZ--(Marketwire - Sep 20, 2011) - Businesses seeking locations on which to build new locations will have an opportunity to bid on several foreclosed pad sites in Maricopa County Tuesday, Oct. 11, when John Dixon & Associates auctions those and other foreclosed properties for the FDIC.

Properties to be auctioned include 29 office/retail pads in Southgate Commerce Park in Mesa; a retail pad site adjacent to WalMart on MacDonald Road in Mesa; and a retail pad in Queen Creek, according to John Dixon, president of the auction company.

"These properties, like a lot of others, just got caught in the wrong place when the economic downturn hit, but this auction will place them back into the private sector where they can provide opportunities for businesses," said Dixon.

Other properties to be sold in the Phoenix auction will include a bank branch in Flagstaff, a number of residential lots, and several commercial land tracts, Dixon said. The auction will begin at 10 a.m. Tuesday, Oct. 11, at the Hilton Suites, 10 East Thomas Road.

The Phoenix event is the first of two auctions on consecutive days. On Wednesday, Oct. 12, the auction team will move to Las Vegas for the sale of approximately 10 office buildings, along with numerous tracts of commercial land, retail properties and other commercial and residential properties in Nevada and California. The Las Vegas event will be held at the Spring Hill Suites Las Vegas Convention Center.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States. Individuals seeking additional information may contact the firm at 770-425-1141 or visit

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