Turnaround Management Association Recognizes Susan Silver with Award

Susan B. Silver, president of Millennium Properties, was awarded the Small Transaction of the Year by the Turnaround Management Association. Ms. Silver was part of a team for the Adjustable Clamp Company liquidation that included High Ridge Partners LLC, Goldstein & McClintock, American Chartered Bank and Mowery & Schoenfeld LLC.

Ms. Silver worked on the marketing and sale of three properties located in the Kinzie Corridor. The portfolio consisted of two separate land sites, both of which were used as parking lots, and a vacant 7,408 square foot light industrial building. After an initial buyer was identified, a public auction for qualified buyers was held in May; the portfolio was sold for a total of $2.248 million.

“We were very pleased that the team was honored for the work in selling these assets,” said Susan B. Silver, president. “The Kinzie Corridor is a highly sought-after area and we anticipated, and received, a large amount of interest for the auction.”