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255 Big Lots Leases Come to Market
A&G Real Estate Partners is now accepting bids on 255 Big Lots store leases nationwide as part of the retailer’s Chapter 11 restructuring and sale process. The leases, which include 51 that are new-to-market, are being offered in two groups, pending determination by the court of final bid deadlines in November and December.
Lease sizes range from 16,321 to 54,610 square feet. Texas and California lead among the 41 states represented in the offering, with 46 and 21 Big Lots leases available, respectively.
They’re followed by Florida, New Jersey and Ohio with 12 each; Indiana with 11; Nevada and New York with 10 each; Georgia with eight; Michigan and Pennsylvania with seven each; Arizona, Illinois, Maryland, Missouri, Oklahoma and Tennessee with six each; Louisiana and Virgina with five each; Alabama, Massachusetts, North Carolina and Washington with four each; Arkansas, Idaho, Iowa, New Mexico and Wisconsin with three each; Colorado, Connecticut, Kansas, Kentucky, Nebraska, New Hampshire, Oregon, South Carolina and Utah with two each; and Delaware, Maine, Mississippi and West Virginia with one each.
“As the company proceeds to facilitate the sale transaction, it will continue to assess its real estate portfolio, closing additional stores as needed to achieve its goals,” said A&G co-president Andy Graiser. “This process of portfolio-optimization is creating strong opportunities for retailers and landlords across the country. The availability of additional leases may be announced at a later date upon court approval.”
- ◦Sale/Acquisition
