A&G Real Estate Partners is currently seeking bids for 255 Big Lots store leases across the United States as part of the retailer’s Chapter 11 restructuring and sale process. These leases, including 51 new-to-market locations, are being offered in two groups with final bid deadlines to be determined by the court in November and December.
The available lease sizes range from 16,321 to 54,610 square feet. The states with the most representation in this offering are Texas and California with a total of 46 and 21 Big Lots leases respectively. Following closely behind are Florida, New Jersey, Ohio (12 each), Indiana (11), Nevada & New York (10 each), Georgia (8), Michigan & Pennsylvania (7 each). Other states included in this offering include Arizona, Illinois Maryland Missouri Oklahoma Tennessee Louisiana Virginia Alabama Massachusetts North Carolina Washington Arkansas Idaho Iowa New Mexico Wisconsin Colorado Connecticut Kansas Kentucky Nebraska New Hampshire Oregon South Carolina Utah Delaware Maine Mississippi West Virginia.
According to A&G co-president Andy Graiser: “As we continue our efforts towards facilitating a successful sale transaction for Big Lots stores nationwide through portfolio optimization measures such as closing additional stores if necessary.” This process has created strong opportunities for retailers and landlords across America. Additional lease availability may be announced at a later date pending court approval.”
