June 22, 2020
Hilco Real Estate, LLC, in cooperation with Advanced Restaurant Sales, has set July 10 as the bid deadline for the court-ordered bankruptcy sale of four Austin properties belonging to Tex-Mex restaurant chain Trudy’s.
The sale includes the original Trudy’s Texas Star, a quarter mile from the University of Texas campus, along with Trudy’s North Star, Trudy’s South Star and the South Congress Café.
Jeff Azuse, SVP at Hilco Real Estate, said, “The sale includes both tangible and intangible assets, which creates a compelling opportunity for an owner/user to add this well-established brand to an already existing portfolio, or a new owner/investor to step into a popular operating business.”
He added, “All the lists Austin’s made being the ‘top’ in the country, and being widely known as a city with great food, truly cements this as a tremendous opportunity.”
Founded in 1977, Trudy’s filed for Chapter 11 protection this past January.
For comments, questions or concerns, please contact Paul Bubny