Nearly 800 Joann store leases, five distribution centers set for auction

Joann filed for bankruptcy in January, and is currently holding going-out-of-business sales chainwide.

The wind-down of fabric and crafts retailer Joann is entering its final stage.

GA Group and A&G Real Estate Partners announced plans to auction 790 store leases and five distribution centers in conjunction with the wind-down of operations at Joann. The 82-year-old fabric and crafts retailer filed for Chapter 11 bankruptcy in January 2025.

The bid deadline for Joann store leases and properties is April 16, 2025, with the auction expected to take place in New York on April 22. The available leases cover a range of property types across 49 states, including freestanding stores, power centers, strip malls and urban retail corridors, ranging from 7,500 sq. ft. to 52,000 sq. ft. No fee-owned properties are available in the auction.

"The auction of Joann’s store leases presents a unique chance to transform well-located retail spaces into thriving businesses," said Emilio Amendola, co-president of A&G. "From specialty retail and fitness centers to healthcare clinics and entertainment venues, these properties offer limitless potential. For small business owners and startups, this is an opportunity to lock in prime locations at competitive rates— helping them grow, innovate, and revitalize local economies."

Most Joann stores will stay open for going-out-of-business sales through May, or until supplies run out. Furniture, fixtures, and equipment are also available for purchase. The retailer's intellectual property will also be sold as part of this process.

In February, GA Group was recognized as the successful bidder to serve as exclusive agent to monetize substantially all Joann’s assets. (The company is managing Joann's store closing process together with Tiger Group as part of a joint venture.)

"This diverse portfolio offers strong real estate fundamentals, prime high-traffic locations, and turnkey spaces ready for immediate occupancy," said Michael Jerbich of GA Group. "This auction offers business owners and investors a prime opportunity to expand their footprint and strengthen their local presence."

Related Retail News

Canada’s Hudson’s Bay restructuring, exploring alternatives

Forever 21 reportedly closing HQ and laying off workers

Related Topics