Construction of a new auction facility targeted for mid 2012
RALEIGH-DURHAM, NC, Sept. 14, 2011 /CNW/ - Ritchie Bros. Auctioneers
(NYSE and TSX: RBA), the world's largest industrial auctioneer, broke
ground on its new 107±-acre permanent auction site in Butner, North
Carolina (Granville County) just north of Raleigh-Durham yesterday
(September 13, 2011). Butner Mayor Tom Lane, Granville County
dignitaries and other invited guests joined Ritchie Bros.
representatives for the official groundbreaking ceremony. Event photos
are now available at www.rbauction.com/media. The Raleigh-Durham auction site will replace Ritchie Bros.' 33±-acre
auction site in Statesville. Ritchie Bros. expects to conduct at least
four unreserved public equipment auctions each year at the new site,
which is scheduled for completion for mid 2012. Ritchie Bros. operates
42 other auction sites worldwide.
"We are excited to have a company with the reputation of Ritchie Bros.
as part of our community. Their presence here will add much to our
community and potentially draw other businesses to the area as well as
support existing businesses already based here," said Butner Mayor Tom
Lane in a speech made at the groundbreaking ceremony yesterday. "The
potential we see with Ritchie Bros. coming here as a leader in growth
will make a major impact for us."
Site preparation by Branch Highways Inc. will begin immediately.
Construction plans include developing 45± acres of the site and
building a new 33,000± square-foot auction facility and a 16,000±
square foot refurbishing building. The auction facility will feature an
auction theater with seating capacity for 500± and a Virtual Ramp
theater with seating capacity for 300±. In the main auction theater,
bidders remain seated in comfort while equipment being sold is driven
across a ramp in front of them. In the Virtual Ramp theater, photos of
stationary equipment items are projected onto a large screen in front
of the bidders.
The new site is located centrally within the state of North Carolina and
approximately 24 mi (approx. 39 km) north of the Raleigh-Durham
International Airport. It offers exceptional highway visibility from
Interstate 85 and access to major transportation routes and services,
including restaurants and accommodations. Equipment will be displayed
and made available for inspections at the auction site in the weeks
leading up to each auction.
Ritchie Bros. closed on the 107±-acre Raleigh-Durham property in April
2011 after searching for a larger property to support its growing
operations in North Carolina and Virginia. While the Raleigh-Durham
site is being built, Ritchie Bros. will continue to conduct unreserved
public auctions at its Statesville facility with the next auction
scheduled for September 28, 2011.
Raleigh-Durham auction site quick facts:
Size: 107± acres total (45± acres to be developed initially)
Facilities: 33,000± square foot auction building (featuring 500± seat
auction theater and a 300± seat Virtual Ramp theater); a 16,000± square
foot refurbishing building with wash pads and painting and blasting
Location: 800 Business Park Drive, Butner, North Carolina, 27509 (exit
189 on I-85)
Expected completion: mid-2012
Site preparation to be completed by Branch Highways
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is
the world's largest industrial auctioneer, selling more equipment to
on-site and online bidders than any other company in the world. Ritchie
Bros. offers services that enable the world's builders to easily and
confidently exchange equipment. The Company conducts hundreds of
unreserved public auctions each year, selling a broad range of used and
unused equipment, trucks and other assets utilized in the construction, transportation,
agricultural, material handling, mining, forestry, petroleum and marine
industries. Ritchie Bros. has over 110 locations in more than 25
countries, including 43 auction sites worldwide. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.
ATTENTION MEDIA: A photo of Butner Mayor Tom Lane with representatives from Ritchie
Bros. is available for media use at http://www.rbauction.com/media under Current Auctions and Events. Members of the public and the media
can follow Ritchie Bros. on Twitter @RitchieBros.
SOURCE Ritchie Bros. Auctioneers
For further information:
Vicki Cunningham, Supervisor, Corporate Communications, Ritchie Bros. Auctioneers
Phone: +1.778.331.5464 or email email@example.com
Scott Lennon, Real Estate Manager, North America, Ritchie Bros. Auctioneers
Phone: +1.801.455.9005 or firstname.lastname@example.org