Toys “R” Us has hired a firm to help maximize the value of the properties it is selling.
The bankrupt toy retailer announced that its subsidiary, Toys "R" Us Property Company I (Propco), has hired private real estate investment and retail advisory firm Raider Hill Advisors to lead Propco’s efforts to maximize the value of the portfolios of Propco I and its subsidiaries. The portfolio includes approximately 284 properties in 46 states totaling 14.5 million sq. ft. The properties are made up of former Toys "R" Us and Babies "R" Us stores, distribution centers, the retailer’s corporate headquarters in Wayne, N.J., and surplus retail properties ancillary to the former store locations.