September 15 deadline set for bids on Hastings leases

Bids to assume the leases of 120-plus Hastings Entertainment stores will not be accepted after Sept. 15, announced RCS Real Estate Advisors.



The chain’s inventory was earlier purchased by Hilco Merchant Resources and Gordon Bros. Retail Partners after the music, movie, and video game chain was unable to emerge from Chapter 11. Hastings Entertainment was founded in 1972 by Sam Marmaduke, who as head of Western Merchandisers first convinced Walmart to carry music and continued to supply the chain until 1994.



RCS will conduct a September 19 auction of Hastings leases with an average size of 24,000 sq. ft.in medium-sized markets across 19 states. Those wishing to place a bid may contact RCS’s Spence Mehl at [email protected].

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