DJM to dispose of seven RadioShack industrial properties

Woodbury, N.Y. -- DJM Real Estate, a division of Gordon Brothers Group, has been retained by RadioShack Corporation to handle the disposition of seven owned industrial properties. These properties are located in Texas, California, Iowa and North Carolina.



DJM will be offering the properties for immediate sale, and can be purchased individually or in any combination, subject to U.S. Bankruptcy Court approval.



The properties include three major distribution centers in Ft. Worth, Texas, and Woodland, California; they range in size from 324,475 sq. ft. to 639,000 sq. ft.



There are also four properties located in Ft. Worth, Texas, W. Burlington, Iowa and Swannanoa, North Carolina, individually ranging in size from 100,827 sq. ft. to 151,000 sq. ft.



"This portfolio of RadioShack's distribution centers and warehouses has drawn a lot of attention already. We have received strong expressions of interest from national players as well as regional and local investors. We have been speaking to some potential owner occupier replacement tenants as well. It is likely that the properties will be sold off individually to buyers but we are also in discussions with bulk portfolio purchasers. We anticipate a series of successful auctions for the sale of these properties, most likely through the 'stalking horse' process," said Mark Dufton, CEO of DJM Real Estate.