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Yellen Partners to Conduct Online, Timed Equipment Auction of Organic Avenue

November 10, 2015, 06:18 AM
Filed Under: Auction News

Yellen Partners, LLC (Yellen Partners), a financial services, asset management, auctioneer and appraisal firm, announced that Organic Avenue, LLC (Organic Avenue), the former grab-and-go destination for organic, plant-based meals and snacks in New York City, has retained Yellen Partners to conduct an auction of the company’s machinery and equipment. The sale will be conducted as a timed, Bidspotter online auction of assets at more than 10 retail locations and one commissary location starting on Nov. 16 and ending on Nov. 20, 2015.

“We look forward to offering customers an opportunity to purchase Organic Avenue’s high-quality and professionally-maintained restaurant and kitchen equipment at a considerable value,” said Brian Yellen, president of Yellen Partners.

Organic Avenue recently filed for Chapter 7 bankruptcy relief in the United States Bankruptcy Court for the Southern District of New York and Jil Mazer-Marino, Esq. has been appointed as the Chapter 7 trustee for the company. Concurrent with Yellen Partners’ efforts, Ms. Mazer-Marino is conducting an effort to find a turnkey buyer of the assets.

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