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Stage Stores Warehouse in East TX Trades in Bankruptcy Sale

A&G Real Estate Partners completed bankruptcy court-approved sales of Stage Stores, Inc.’s Jacksonville, TX distribution center and two other properties to two buyers. The Melville, NY-based A&G has been serving as real estate advisor for the Houston-headquartered retailer, which filed for Chapter 11 protection in May and has since liquidated all 738 stores.

In the largest transaction, Bradenton, FL-based retailer Bealls Inc. acquired the fee interest for Stage’s 435,196-square-foot distribution center in Jacksonville—coincidentally located at 506 Beall Blvd.—including undeveloped land for expansion. Bealls’ winning $7-million bid included the facility’s machinery and equipment, and the company’s intellectual property.

A&G also sold two other sites owned by Stage Stores: an income-producing industrial RTV (return to vendor) center in Jacksonville and a retail site in Logan, WV. Both were acquired for a combined $360,000 by Jetall Companies, Inc., a real estate investment and management firm out of Houston.

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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 GlobeSt.com 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).

  • ◦Sale/Acquisition
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