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.
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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.