Circuit City Opens Corporate Headquarters For Liquidation
February 23, 2009 - 2:20 pm
By Aaron Kremer
Let the rummaging begin. Blu-Ray players, promotional displays, Hawaiian shirts and wireless routers were among the hundreds of items on display in a downstairs conference room at Circuit City’s former headquarters in Short Pump. A liquidation employee said the brand-new goods were pulled from one closet.
Sony Blu-Ray players were available for $200, and a Polaroid 15-inch LCD TV cost $150. The liquidation firm was setting prices for some items by searching online for the lowest market price and taking off 30 percent.
“We only have a handful of consumer electronics goods,” said Jerry Strong, who is overseeing the liquidation. “Those are going like hotcakes.”
Last Wednesday, U.S. Bankruptcy Court Judge Kevin Huennekens gave approval for Michigan-based Liquid Asset Partners to liquidate the contents of Circuit City’s corporate headquarters, as well as the company’s service and distribution centers.
More than 500 desks and 8,000 chairs are up for grabs between Circuit City’s two headquarters buildings, according to an inventory list on the liquidator’s website. There is also industrial kitchen equipment for sale that was used to service the company’s cafeteria.
Last Thursday, bargain-hunters and former Circuit City employees came to the company’s building in Henrico to claim a piece of the failed electronics chain.
Strong said more than 100 people came by throughout the day.
“Pricing is based on fair value, considering age and condition,” he said. “In all honesty, with so many odds and ends some people could walk out with stuff for 10 cents up to $10,000.”rumaging1
Strong said a lot of the business people shopping at the headquarters today were interested in office furniture. He said a typical office desk could be had for $100 to $150.
No computers are available for sale yet because Circuit City is in the process of clearing data from the hard drives, Strong said.
Only one of the headquarters buildings, Deep Run One, is being liquidated; the other building, Deep Run Three, is in limited use by the company and will be liquidated by April.
Circuit City has to turn over the keys to Deep Run One by Feb. 28, leaving only a few more days for the liquidation.
About half of the people coming to the headquarters last Friday were former Circuit City employees, Strong said.
[...] The electronics store’s Deep Run III building was opened Tuesday to shoppers. But unlike the sale that ended at Deep Run II, this one is going to take longer – until April – and prices are not negotiable yet. The sale [...]
I purchase a 42″ Plasma TV from Ciruti City. Before I could register the product it was stolen, worse or all my husband threw out the box. I do have the manuel and original receipt but not the serial number to give to the police department. HELP!!!