West Coast construction firm goes up for auction
FTR International, a Southern California-based general contractor whose projects included public works, highways, schools, universities, stadiums and police stations, will be sold off in pieces on Sept. 13 when its physical assets are auctioned by Tiger Remarketing Services.
More than 1,000 lots of supplies and equipment from FTR's main warehouse in Santa Ana as well as an annex yard are now being previewed. They include construction equipment, such as loaders, fork and scissor lifts, compaction equipment, air compressors and generators. A number of assorted power and pneumatic tools are also being offered.
Tiger Remarketing Services is conducting the auction on behalf of secured creditor East West Bank. Available rolling stock includes a fully loaded 2007 GMC Sierra 3500 4x4 pickup and a 14-ft., dual-axle Hallmark enclosed trailer.
Thousands of electrical supply items, such as boxes, couplers, receptacles and connectors, are on the auction block, along with hundreds of spools of wire, fluorescent light fixtures, power and extension cords, and portable power boxes. Other available items include extension and A-frame ladders, rakes, shovels, hammers, wheelbarrows, various plumbing supplies, pallet racking, adjustable shelving, job boxes, pallet jacks, warehouse fans, dollies, portable heaters and more.
Lastly, the office furniture and equipment includes desks, file cabinets, conference tables, chairs, bookshelves, network servers and racks, computers, printers, scanners, copiers, refrigerators and phone systems.
“Bidders will find items that would appeal to construction companies and general contractors, as well as plumbing/HVAC contractors, paving and road construction companies, electrical contractors, distributors, independent DIY retailers, and businesses setting up warehouses or offices," said Jeff Tanenbaum, president of Tiger Remarketing Services.
Bidding is now under way and will close in rapid succession, live-auction style, on Sept. 13 at 10:30 a.m.