A&G Realty Partners has been retained by The Sports Authority to manage the sale of retail store leases and assist in reducing the retailer’s occupancy costs following its Chapter 11 bankruptcy filing.
A&G Realty is currently accepting bids on the leases, which range from 10,000 to 75,000 sq. ft. and are located in many of the major retail markets in the country including prestigious locations in California, Florida, Puerto Rico and Texas. The auction will take place in mid-April.
“The company has many attractive below market rate leases that are well positioned in key retail strip centers,” said Emilio Amendola, co-president, A&G, which specializes in real estate dispositions, lease restructuring. “By taking assignment of leases, retailers have the opportunity to enter new markets and gain access to projects they may have previously been unable to penetrate.”
For a complete list of stores please click here.