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A&G Will Conduct Bankruptcy Auction on 67 Shopko Sites

A&G Realty Partners will auction six vacant Shopko boxes and 61 vacant outparcel sites as part of the mass merchant’s Chapter 11 bankruptcy. The July 24 auction will be held at the Chicago law office of Kirkland and Ellis.

“This auction represents an excellent opportunity for a variety of real estate stakeholders—everyone from expanding grocery chains, to large-format fitness centers, to investors seeking to subdivide or otherwise repurpose well-located big boxes,” said A&G’s Michael Jerbich.

The six owned stores are in Montana, North Dakota, Kansas, Iowa and Michigan. The outparcel sites are located across 11 Midwestern states, as well as Kentucky, Tennessee, Wyoming, Montana and Washington.

A $3-billion retailer founded in 1962, the Ashwaubenon, WI-based Shopko operated 360 stores across 26 states when it filed for Chapter 11 bankruptcy protection this past January. A hearing to consider approval of the bids will be held on or after July 29.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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