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）
- 加利福尼亚州（21）
- 科罗拉多州（2）
- 康涅狄格州（2）
- 特拉华州（1）
- 佛罗里达州（12）
- 乔治亚州（8）
- 爱达荷州（3）
- 伊利诺伊（6）
- 印第安纳州（11）
- 爱荷华州（3）
- 堪萨斯州（2）
- 肯塔基州（2）
- 路易斯安那州（5）
- 缅因（1）
- 马里兰州（6）
- 马萨诸塞（4）
- 密歇根（7）
- 密西西比州（1）
- 密苏里州（6）
- 内布拉斯加州（2）
- 内华达州（10）
- 新罕布什尔州（2）
- 新泽西州（12）
- 新墨西哥州 (3)
- 纽约州 (10)
- 北卡罗来纳州 (4)
- 俄亥俄州 (12)
- 俄克拉荷马州 (6)
- Oregon (2)
- 宾夕法尼亚州 (7)
- 南卡罗来纳州 (2)
- 田纳西州（6）
- 德克萨斯州（46）
- 犹他州（2）
- 弗吉尼亚州（5）
- 华盛顿州（4）
- 西弗吉尼亚州（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].
如需更多详细信息，请访问和/或联系迈克·马特拉特，(631) 465-9508，[email protected]，或托德·艾勒，(914) 325-1602，[email protected]。
Media Contacts: At Jaffe Communications, Elisa Krantz, (908) 789-0700, [email protected]
媒体联系人: 在Jaffe Communications，Elisa Krantz，(908) 789-0700，[email protected]
SOURCE A&G Real Estate Partners
来源A&G房地产业合作伙伴
