A&G Now Accepting Bids on 255 Big Lots, Inc. Store Leases in Connection With Retailer's Restructuring and Sale Process
A&G Now Accepting Bids on 255 Big Lots, Inc. Store Leases in Connection With Retailer's Restructuring and Sale Process
"As the Company proceeds to facilitate the sale transaction, it will continue to assess its real estate portfolio, closing additional stores as needed to achieve its goals," said A&G Co-President Nationwide offer includes 51 newly available stores along with 204 previously marketed leases pending Court approval, with bid deadlines planned for November and December
Nationwide offer includes 51 newly available stores along with 204 previously marketed leases pending Court approval, with bid deadlines planned for November and December
COLUMBUS, Ohio, Oct. 30, 2024 /PRNewswire/ -- A&G Real Estate Partners is now accepting bids on 255 Big Lots, Inc. ("the Company") store leases nationwide as part of the Company's restructuring and sale process, including 51 new-to-market leases.
COLUMBUS, Ohio, Oct. 30, 2024 /PRNewswire/ -- A&G Real Estate Partners is now accepting bids on 255 Big Lots, Inc. ("the Company") store leases nationwide as part of the Company's restructuring and sale process, including 51 new-to-market leases.
A&G is offering the leases in two groups, pending determination by the Court of final bid deadlines in November and December. The Company initiated voluntary Chapter 11 proceedings on September 9, 2024, to facilitate a sale of substantially all of its assets and business operations.
A&G is offering the leases in two groups, pending determination by the Court of final bid deadlines in November and December. The Company initiated voluntary Chapter 11 proceedings on September 9, 2024, to facilitate a sale of substantially all of its assets and business operations.
"As the Company proceeds to facilitate the sale transaction, it will continue to assess its real estate portfolio, closing additional stores as needed to achieve its goals," said A&G Co-President Andy Graiser. "This process of portfolio-optimization is creating strong opportunities for retailers and landlords across the country. The availability of additional leases may be announced at a later date upon Court approval."
"As the Company proceeds to facilitate the sale transaction, it will continue to assess its real estate portfolio, closing additional stores as needed to achieve its goals," said A&G Co-President Andy Graiser. "This process of portfolio-optimization is creating strong opportunities for retailers and landlords across the country. The availability of additional leases may be announced at a later date upon Court approval."
"Because of their larger formats, many of these desirable, strategically positioned locations are a strong fit for today's expanding operators, including sports-entertainment tenants and larger food-and-beverage concepts that emphasize gaming areas and hangout spaces," added A&G Co-President Emilio Amendola.
"Because of their larger formats, many of these desirable, strategically positioned locations are a strong fit for today's expanding operators, including sports-entertainment tenants and larger food-and-beverage concepts that emphasize gaming areas and hangout spaces," added A&G Co-President Emilio Amendola.
The 255 leases, which range in size from 16,321 to 54,610 square feet, are located in the following 41 states.
The 255 leases, which range in size from 16,321 to 54,610 square feet, are located in the following 41 states.
- Alabama (4)
- Arizona (6)
- Arkansas (3)
- California (21)
- Colorado (2)
- Connecticut (2)
- Delaware (1)
- Florida (12)
- Georgia (8)
- Idaho (3)
- Illinois (6)
- Indiana (11)
- Iowa (3)
- Kansas (2)
- Kentucky (2)
- Louisiana (5)
- Maine (1)
- Maryland (6)
- Massachusetts (4)
- Michigan (7)
- Mississippi (1)
- Missouri (6)
- Nebraska (2)
- Nevada (10)
- New Hampshire (2)
- New Jersey (12)
- New Mexico (3)
- New York (10)
- North Carolina (4)
- Ohio (12)
- Oklahoma (6)
- Oregon (2)
- Pennsylvania (7)
- South Carolina (2)
- Tennessee (6)
- Texas (46)
- Utah (2)
- Virginia (5)
- Washington (4)
- West Virginia (1)
- Wisconsin (3)
- Alabama (4)
- Arizona (6)
- 阿肯色州（3）
- 加利福尼亞州（21）
- 科羅拉多州（2）
- 康涅狄格州（2）
- 特拉華州（1）
- 佛羅里達州（12）
- 喬治亞州（8）
- 愛達荷州（3）
- 伊利諾伊（6）
- 印第安納州（11）
- 愛荷華州（3）
- 堪薩斯州（2）
- 肯塔基州（2）
- 路易斯安那州（5）
- 緬因（1）
- 馬里蘭州（6）
- 馬薩諸塞（4）
- 密歇根（7）
- 密西西比州（1）
- 密蘇里州（6）
- 內布拉斯加州（2）
- 內華達州（10）
- 新罕布什爾州（2）
- 新澤西州（12）
- 新墨西哥州 (3)
- 紐約州 (10)
- 北卡羅來納州 (4)
- 俄亥俄州 (12)
- 俄克拉荷馬州 (6)
- Oregon (2)
- 賓夕法尼亞州 (7)
- 南卡羅來納州 (2)
- 田納西州（6）
- 德克薩斯州（46）
- 猶他州（2）
- 弗吉尼亞州（5）
- 華盛頓州（4）
- 西弗吉尼亞州（1）
- 威斯康星州（3）
For additional details, visit and/or contact Mike Matlat, (631) 465-9508, [email protected], or Todd Eyler, (914) 325-1602, [email protected].
如需更多詳細信息，請訪問和/或聯繫邁克·馬特拉特，(631) 465-9508，[email protected]，或託德·艾勒，(914) 325-1602，[email protected]。
Media Contacts: At Jaffe Communications, Elisa Krantz, (908) 789-0700, [email protected]
媒體聯繫人: 在Jaffe Communications，Elisa Krantz，(908) 789-0700，[email protected]
SOURCE A&G Real Estate Partners
來源A&G房地產業合作伙伴
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