77,176± SF Industrial Facility in Wallkill, New York, With Potential to Expand, Available via Chapter 11 Bankruptcy Sale with Hilco Real Estate, LLC

NORTHBROOK, Ill., Oct. 21, 2026 /PRNewswire/ -- Hilco Real Estate, LLC, a practice of Hilco Global—a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle—is marketing the Chapter 11 bankruptcy sale of a 77,176± SF industrial facility on 11.3± AC in the Town of Wallkill, Orange County, New York. Located at 53 Smith Road, the site offers direct access to Interstate 84 and New York Route 17, providing connectivity to the broader NYC metro area. The site also offers the ability to expand the existing building to approximately 120,000± SF, providing flexibility for an owner-user seeking long-term growth or an investor pursuing additional leasable space. Stalking horse bids are due November 13 by 3:00 p.m. (ET).

Originally constructed in 1986, the offering comprises a 68,928± SF one-story warehouse and manufacturing area, a 4,488± SF two-story office addition, a 2,320± SF freestanding building and a caretaker's residence. Designed to support a range of industrial operations, the main warehouse features ceiling heights of 15' to 24', five dock-high loading doors, four with levelers, two drive-in doors with motorized overhead doors and 40' x 40' column spacing. The property is equipped with a fully protected wet sprinkler system and includes 42 paved parking spaces.

The facility is served by 8,000 amp three-phase electrical service, creating a heavy power capacity suitable for manufacturing and other power-intensive industrial uses. Zoned ENT-L, this site has the potential to expand the building to approximately 120,000± SF, creating a meaningful opportunity to increase the property's functional capacity without relocating and provides an owner-user room to grow in place or provide an investor a clear path to add leasable space.

The property's location further supports its industrial utility. Situated within the Wallkill Reinvestment Corridor, a planned mixed-use redevelopment area, the site is positioned within a broader initiative focused on retaining and attracting jobs through the adaptive reuse of four former and current manufacturing facilities. The corridor's vision incorporates employment, residential, hospitality and outdoor recreation uses, creating a more connected environment designed to support manufacturing and broader economic activity. The area is also planned to benefit from a future Metro-North connection and is located near the Galleria at Crystal Run. Interstate 84 and New York Route 17 connect the property to Interstate 87, placing it approximately 4 miles from Middletown, 19 miles from New York Stewart International Airport, 72 miles from Newark and 74 miles from New York City.

According to Standard Brokerage Company's Hudson Valley market report, Orange and Dutchess counties continue to emerge as critical components of the Northeast logistics, distribution and light manufacturing network, drawing users with their proximity to major population centers, interstate access and available industrial land. That position matters most in relation to New York City, which remains the highest-priced and most supply-constrained industrial market in the country, with five-borough asking rents averaging $22.64 per SF. Within this market, 53 Smith Road provides industrial users with the ability to access the New York metropolitan area while operating from a lower-density Hudson Valley location, with the added benefit of existing heavy-power infrastructure and room for future expansion.

Jonathan Cuticelli, director at Hilco Global, stated, "Industrial buildings with this much power and room to expand rarely come to market this close to New York City. A buyer can grow the facility to roughly 120,000 square feet within a corridor the town is actively investing in."

The sale is being conducted through a managed qualifying bid process, subject to approval by Order of the United States Bankruptcy Court for the Southern District of New York, Chapter 11 Case No. 26-35681 (KYP), In re: ASB Cera Realty, LLC and in cooperation with Jonathan Cuticelli, NY Broker Lic. #10351218305. Stalking horse bids are due November 13 by 3:00 p.m. (ET) and must be submitted in letter of intent (LOI) format to Jonathan Cuticelli and Ben Zaslav, subject to the Terms of Sale available for download on the Hilco Global Real Estate Sales website.

For further information and to schedule on-site inspections, held October 8, 15 and 22 and November 5 by appointment only, please contact Jonathan Cuticelli at (203) 561-8737 or [email protected] and Ben Zaslav, J.D., at (516) 761-8439 or [email protected].

For additional details, due diligence access and terms of sale, visit Hilco Global Real Estate Sales website or call (855) 755-2300.

About Hilco Global

Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors, and more. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com.

SOURCE Hilco Trading, LLC