Sites in state put up for auction

18 CSX

September 24, 1997

CSX Transportation is putting 18 Maryland industrial and manufacturing sites on the auction block in the railroad's attempt to sell off surplus land.

The sites are valued at more than $6 million, according to the Carlton Group Ltd., a New York-based firm handling the auction.

The deadline for bids is Oct. 14.

The properties include 13 parcels in Baltimore, two in Jessup, one in Halethorpe and one in the Cecil County community of West Leslie.

The parcels range in value from $60,000 to $5 million. Many are located near major highways and are close to rail lines. They vary in size from less than an acre to 23 acres.

"It's basically an all-cash deal, ready to close in 30 days," Carlton Group project manager Bob Gellert said.

The sale is not an outright auction, said Rick Latini, a broker who is working as a contact for prospective bidders.

The land will not be sold unless a bid meets a minimum price set for each parcel, he said.

CSX Transportation, a subsidiary of CSX Corp., also is selling properties in Florida, Ohio, South Carolina and Virginia.

Pub Date: 9/24/97

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