DES MOINES, Iowa (AP) — A real estate company working with Hostess Brands is looking to sell three Iowa properties as part of the ongoing auction of the bankrupt company’s assets.
The Des Moines Register (http://dmreg.co/10fwZAc ) reports that the buildings include a 3,000 square-foot bakery building and a 12,750-square-foot warehouse that are located in Waterloo. The third site up for sale is a bakery outlet store in Mason City.
Hilco Real Estate LLC is handling the building sales for Hostess and has set a June 12 deadline for offers on 61 properties in 22 states.
Hostess opted to end operations in November in response to a bakery union strike. The labor action was precipitated by employee outrage over executive raises at a time when the company was failing to meet its pension fund obligations.
Information from: The Des Moines Register, http://www.desmoinesregister.com