PRESS RELEASE

Williams & Williams to Auction Medium Security Detention Center in Littfield, TX on July 28th


Bill Clayton Detention Center offers attractive turn-key opportunity and ready workforce

TULSA, OK –  A unique opportunity to acquire a turn-key medium security detention center will be offered when Williams & Williams Marketing Services, Inc. auctions the Littlefield, TX-based Bill Clayton Detention Center on July 28th at 11 am CDT. Offered in cooperation with Coldwell Banker Commercial Rick Canup Realtors, the property will sell to the highest bidder above the opening bid of $5,000,000.  Interested buyers can bid on site or live from anywhere via www.auctionnetwork.com.
 
Built in 2000 and updated in 2005, the Bill Clayton Detention Center stands on 30+/- acres and includes 94,437+/- sq ft of space. It consists of five one-story air-conditioned buildings with a capacity for 383 inmates in five housing pods. The buildings are situated behind a strengthened perimeter of double fences with an electronic shaker detection system and eight video surveillance cameras.  Approximately 10 acres are contained within the fence. The facility also has a freestanding gymnasium, maintenance shed, armory and parking lot.

Also conveying with the real estate on auction day are furniture, linens, computers, kitchen supplies and other equipment used in the operation of the facility.

“The new owners will benefit from the support of the community that built the facility,” said Rob Bridges, Senior Vice President of Williams & Williams®.  “The area’s low cost of living as well as a ready local workforce makes this a very attractive turn-key opportunity.”

Located approximately 45 minutes northwest of Lubbock, the Bill Clayton Detention Center is easily accessible from Highway 84, the Littlefield Municipal Airport, as well as Preston Smith International Airport.

Inspections may be scheduled by contacting Michelle Primcias at 918.362.6744.  The auction will begin July 28th, at 11:00 a.m. CDT at the center, located at 2600 South Sunset Drive in Littlefield.  The auction will be featured on Auction Network’s® “Live From The Lawn” (www.auctionnetwork.com), allowing for live active bidder participation both on site or online.  For more information regarding this auction, please visit www.williamsauction.com/bcdc for more information regarding this auction.  For a property information packet, contact Daniel Orr at (866) 928-8780 or Daniel.Orr@williamsauction.com.

About Williams & Williams Marketing Services, Inc.:
Williams & Williams®is a real estate auction leader and collateral risk management company. With an operating footprint in all 50 states, the District of Columbia and Puerto Rico, the company has a proven performance record for all types of real estate sales including residential, commercial, farms and ranches, and distinctive properties. Leveraging its multi-platform global exchange; proprietary pricing models; and a full service solution to manage, preserve, market, and auction real estate, Williams & Williams is the industry’s benchmark for creating liquidity in the marketplace and delivering timely market value. The company’s clients include many of the world’s foremost financial institutions, Fortune 500 Corporations, and local, state and Federal government agencies, as well as thousands of individual sellers.  Williams & Williams, Auction Network® and WMG™ are wholly-owned subsidiaries of WWM, LLC. (www.williamsauction.com  

About Auction Network
Auction Network® is a 24-hour global broadband television network that allows viewers to participate remotely in live auctions and bid interactively, in real time.  Created in 2007 by WWM President & CEO Pam McKissick, Auction Network has definitively dispelled myths about consumers’ fears around purchasing high-value real estate assets instantaneously with the click of a button. Auction Network’s “Live From The Lawn” auction events, which feature global, real-time bidding simultaneous with on-site real estate sales, deliver a 9-11% average lift in high-bid performance for all assets sold. Auction Network is in eighteen million cable households. (www.auctionnetwork.com)

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