[August 15, 2016]

Albuquerque's Landmark "Alvarado Square," a ±251,000 SF Office Building, Is Up for Auction at FRE.COM

Alvarado Square is a landmark office asset located within Albuquerque's downtown Central Business District that provides convenient access to Albuquerque's amenities. The dramatic ±251,000 SF, eight-story building is currently up for auction at www.FRE.com. You can view and place your bid at www.FRE.com/228D11. The last day to submit a bid is September 15^th, 2016.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160815005219/en/

Alvarado Square Office Building (Photo: Business Wire)

Bernalillio County has seriously considered buying the building since 2013. The County may jump at the chance to finally follow through, now that the building is up for auction with a very low opening bid of $2,950,000.

The building has an attractive water feature as its focal point and is an architectural landmark with floors that span over Silver Avenue. The main lobby area includes a boutique coffee bar with seating and lounge areas that provide an inviting atmosphere. Other on-site amenities include a full-service café and numerous meeting and conference centers for corporate seminars and trade events.

A unique opportunity exists for large corporate users to re-brand the building and create an identity within New Mexico's largest economic and employment district. The asset also has the competitive advantage of being within walking distance to restaurants, coffee shops, hotels, the Century Theater Block, Federal and District courthouses, a diverse mix of service-oriented retail businesses, and vast mass transit network making the area perfect for employee recruitment and retention.

For more information about FRE's exclusive website for the real estate industry, visit www.FRE.com or call 949-706-6117.

About LFC and FRE.com

The LFC Group of Companies has been auction marketing real estate for over 35 years and pioneered online property auctions on the FRE website more than 12 years ago. LFC, which maintains offices in Dubai, United Arab Emirates, Madrid, Spain and Newport Beach, California, has conducted US $ billions in online real estate transactions for land, commercial and residential properties, in association with local real estate brokers and agents around the world.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160815005219/en/

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