Interstate Bakeries $1.7 million Medford, Mass., property sale approved

By Caroline Salls

Pittsburgh, June 28 - Interstate Bakeries Corp. obtained court approval to sell its Medford, Mass., property to stalking-horse bidder Empire Management Corp. for $1.7 million, according to a Tuesday filing with the U.S. Bankruptcy Court for the Western District of Missouri.

Empire Management paid a $170,000 deposit.

Interstate, a Kansas City, Mo., bakery operator, filed for bankruptcy on Sept. 22, 2004. Its Chapter 11 case number is 04-45814.

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