COLUMBUS, Ohio, May 11, 2018 /PRNewswire/ -- Online bidding
will begin at 4 p.m. Friday, May 11,
on the corporate headquarters building and most of the furnishings
and business equipment of the Electronic Classroom of Tomorrow
(ECOT). The auction includes approximately 3,500 lots, with
everything from flat-screen TV sets, conference tables and desks to
first aid kits and pencils, according to Richard Kruse, the court-appointed deputy
interim master for ECOT.
Kruse is also president of Gryphon Auction Group, which is
auctioning the assets online at www.ecotauction.com and the
real estate at www.ecotcre.com. The real estate is being
offered in conjunction with Zane Fry
of Cushman & Wakefield and Borror, Inc., the auction firm's
affiliate brokerage.
"The media and government attention has been focused on the
servers used by the school, but those are not included in the
auction. Due to this, the auction is proceeding on schedule. Assets
include a great deal of like-new furniture, printers, projectors,
office supplies, shop equipment and other items that were used in
the day-to-day operation," said Kruse.
ECOT was Ohio's largest online
charter school and reportedly had 12,000 students enrolled for the
2017-2018 school year. However, the Department of Education and
State Auditor have alleged that the numbers were inflated.
The headquarters building, just off the intersection of U.S. 23
and Interstate 270, is a 138,457-square-foot facility originally
built as Southland Mall and sits on 26.5 acres. "After ECOT
acquired the building, it underwent a full renovation and now has
attractive, modern space for public meetings, corporate offices,
board rooms and training facilities," said Kruse.
The online auction is open for bidding until midday on
Tuesday, June 12, 2018.
Individuals with questions, including those seeking to inspect the
facility, may visit www.ecotauction.com and
www.ecotcre.com or call 614-885-0010.
Gryphon USA, Ltd. is a
multi-faceted asset management and liquidation firm focusing on the
operations and dissolution of single assets through and including
entire companies. Gryphon maintains a receivership and asset
management group, commercial asset auction group and, in
conjunction with Borror, Inc. a real estate auction practice.
For more information:
Carl Carter, 205-823-3273
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SOURCE Gryphon USA, Ltd.