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Hilco Real Estate To Manage Sale of University Of Maryland Cole Field House Assets

Feb 03, 2016
Former Terrapin Basketball Stadium Assets and Other Sports Memorabilia Will Be Available for Fans and Collectors.

Hilco Real Estate, LLC today announced it will manage the sale of all Cole Field House stadium assets and sports memorabilia currently owned by the University of Maryland. This unique sale allows fans and collectors to buy a set of two seats from the original stadium with the option to purchase a stand for an additional fee. Fans will also have the opportunity to bid on autographed sports memorabilia and other items that have been displayed within the Maryland basketball stadium over the years. 

Basketball fans acknowledge that the Cole Field House still holds the distinction of being the stadium site of the most upsets of No. 1-ranked men's NCAA basketball teams in the nation today. The Terrapins accounted for six of these upsets over the years that they played within the facility. The stadium was the home of the University of Maryland basketball teams from 1955 through 2002 when it was replaced by XFINITY Center.  The original field house was named the after Judge William P. Cole, Jr., who was Chairman of the University's Board of Regents from 1944 to 1956.

The proceeds from the sale of the assets will be directed to the $155 Million renovation and expansion of the University of Maryland’s new athletic performance center including a Center for Sports, Health and Human Performance. 

Commenting on the assets sold, Fernando Palacios, Managing Director of Hilco Real Estate and a Maryland alumnus, said, “The assets in this sale offer fans of college sports a once-in-a-lifetime opportunity to own a piece of Maryland history. As such, we expect this sale to attract active interest from college basketball fans and sports fans throughout the country.”

For more information on how to participate in the sale and further details about the assets, please visit http://www.ColeFieldHouse.com or contact a member of Hilco’s transactional team at 301-996-5190.

About Hilco Real Estate, LLC:  Hilco Real Estate, LLC (“HRE”), a Hilco Global company, is headquartered in Northbrook, Illinois (USA).  HRE is a national provider of strategic asset disposition services.  Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their assets.  By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.

 

Media Contact:
Gary Epstein
EVP-CMO
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
Email: gepstein@hilcoglobal.com