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Tiger Group to Auction Assets of ITT Educational Services Corporate Headquarters

January 05, 2017, 07:00 AM
Filed Under: Auctions

By order of the Bankruptcy Trustee of ITT Educational Services, Tiger Group is conducting an online auction on January 10 for furniture, fixtures and equipment, and other assets from the metro Indianapolis headquarters of the nationwide career college.

Executive office and conference room furniture, IT equipment, network and telecommunications equipment, printers, audiovisual equipment, a vehicle, and more will be offered for sale on an individual basis or in lot sizes to suit all buyers.

Online bidding for the assets will commence January 3 at Bidding will close in rapid succession, live auction style, on January 10 at 10:30 a.m. (ET). The assets will be available for inspection on January 9, from 9:00 a.m. to 5:00 p.m. (ET), at 13000 N. Meridian St. in Carmel.

“Large and small educational and other institutions, as well as just about any kind of office or other business will be interested in the furniture, fixtures, computers and other equipment that will be available for sale at this auction,” said Jeff Tanenbaum, President of Tiger’s Commercial & Industrial division. “The volume, variety and high quality of the assets will satisfy the needs of many businesses and institutions.”

Executive office furniture up for bid includes desks, conference tables (some up to 20 feet long) and credenzas. File cabinets (including fireproof units), utility cabinets and bookcases will also be available.

Computers and related equipment include an APC Symmetra 3 Phase UPS, hundreds of Dell monitors, Dell and HP printers and scanners, and a Canon Image Prograf large format printer. Telecommunications equipment offered include network switches by Cisco and Avocent, Lucent and Avaya phone systems, and Polycom conference phones. Bidders can also choose from laptop docking stations, video conferencing systems, and more.

Flat panel televisions, projectors and screens, and other audiovisual equipment are also available for sale. Assorted office and other equipment includes dry-erase boards, refrigerators, an ice machine, a dishwasher, and more.

Executive gym equipment up for bid includes two Sole S77 treadmills, a Diamondback stepper, and an XMark Fitness Power Tower. A 2010 Ford Transit Connect van will also be available.

ITT Educational Services filed for voluntary bankruptcy on September 16, 2016 in the United States Bankruptcy Court for the Southern District of Indiana, Indianapolis Division (case Number 1:16-bk-07207).  The sale is being conducted in cooperation with Reich Brothers.

For a full catalog of the items offered and details on how to schedule a site visit and bid, go to:

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