Bankrupt parent company of Value City Furniture puts 23 leases on the market
American Signature Inc., parent of of Value City Furniture and American Signature Furniture, has started closing stores.
A&G Real Estate Partners is now accepting offers for 23 store leases on behalf of American Signature, which filed for bankruptcy in November. The retailer expects to enter into a stalking horse asset purchase agreement under which, subject to court approval, ASI Purchaser LLC will acquire substantially all of the company’s assets and assume certain related liabilities.
The bid deadline for the leases (locations listed at end of article) is Friday, Dec. 19. As real estate advisor to ASI, A&G has scheduled a real estate auction on Monday, Jan. 5, 2026, pending approval of the U.S. Bankruptcy Court for the District of Delaware.
“The availability of ASI’s strategically located retail boxes is significant given high shopping center occupancy rates and a historic dearth of new retail construction,” said Emilio Amendola, co-president of A&G and leader of its real estate sales division.
Averaging 50,000 sq. ft., the American Signature Furniture and Value City Furniture boxes are available for immediate turnkey occupancy. The locations are in both suburban and urban markets across 12 states.
According to A&G managing director Mike Matlat, the spaces are an excellent fit for furniture operators, off-price retailers, discount department stores, specialty grocers, sporting goods brands and entertainment tenants.
“In addition, we anticipate interest from landlords who want to subdivide and creatively reinvent larger boxes as part of shopping center redevelopments,” he said.
The stores are in the following states:
•Florida (1)
•Georgia (7)
•Illinois (1)
•Indiana (2)
•Kentucky (1)
•Maryland (1)
•Michigan (2)
•Missouri (1)
•New York (2)
•Ohio (2)
•Pennsylvania (1)
•Virginia (2)
A&G is headquartered in New York with offices nationwide. Since 2012, the firm has sold over $13 billion in properties and leases and negotiated over $12 billion in rent-reduction and occupancy-cost savings for its clients.
