New York — A&G Realty Partners will hold an auction for 123 Toys ‘R’ Us and Babies ‘R’ Us stores located across 29 states.
The two-day auction will begin Monday, August 13 in Manhattan.
The stores range in size from 20,000 to 65,000 square feet and include 10 locations in California, 18 in Ohio and multiple stores in states such as Illinois, Massachusetts and Pennsylvania. Some of the stores are freestanding, while others are located within shopping centers. The sites include 112 owned and 11 ground-leased properties.
“The latest auction presents a rare opportunity for buyers to advance their real estate strategies with well located, high-visibility big box sites that can work for single users or be subdivided,” says Emilio Armendola, co-president of A&G Realty. “Rarely do this many prime retail properties become available at once.”
Financial advisory and asset management firm Lazard is acting as investment banker to Toys ‘R’ Us and its affiliated debtors. The deadline for all bids is Tuesday, August 7, A&G said in a release issued on Tuesday. In prior auctions, the company has sold more than 130 Toys ‘R’ Us sites.
For a full list of stores included in the auction, click here.