Leases for 320 Sports Authority stores to go to auction

Sports Authority’s remaining 320 store leases will be auctioned in June.



The leases will be sold by commercial real estate, advisory and investment group A&G Realty Partners, which is currently accepting bids on the leases. The leases are for stores that range from 10,000 sq. ft. to 80,000 sq. ft., and are located in many of the major retail markets in the country including prestigious locations in New York City, Chicago, Los Angeles, Dallas, and Miami. (Click here for full store list.)



“The company has done a great job with its real estate and their locations are well positioned in key retail street and power center locations. 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,” said Emilio Amendola, A&G co-president.



Store closing sales are expected to carry on through August but bids for the leases are due June 23, with an auction set for June 29th in Wilmington, Delaware.



“Interested parties should move quickly on submitting offers for leases before the bid deadline,” said Amendola.