MELVILLE, NY — A&G Realty Partners, a leading commercial real estate, advisory and investment group, has been retained by The Sports Authority to manage the sale of retail store leases and assist in reducing the Company’s occupancy costs following its recent Chapter 11 bankruptcy filing.
Sports Authority has 463 locations in 41 states and Puerto Rico. The company plans to close 140 stores and two distribution centers in Denver and Chicago after following Chapter 11.
A&G Realty is currently accepting bids on the leases, which range from 10,000 to 75,000 square feet located in many of the major retail markets in the country including prestigious locations in California, Florida, Puerto Rico and in addition, the company is exiting the Texas market. For a complete list of stores please click – www.agrealtypartners.com. The auction will take place in mid-April.
“The company has many attractive below market rate leases that are well positioned in key retail strip centers. By taking assignment of leases, retailers have the opportunity to enter new markets and gain access to projects they may have previously been unable to penetrate. The availability of these leases is expected to attract interest from many national and local retailers,” said Emilio Amendola, A&G Co-President.
A&G Reality has headquarters in NY and offices in Los Angeles, Chicago and Philadelphia.