GA Keen to Market Robb & Stucky Properties

April 25, 2011  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on April 26, 2011

GA Keen Realty Advisors will assist in the marketing and disposition of properties formerly operated by bankrupt high-end furniture retailer Robb & Stucky.

GA Keen Realty Advisors, a Woodland Hills, Calif.-based division of Great American Group (OTC: GAMR) provides real estate analysis, valuation and strategic planning services, brokerage, auction services, lease restructuring services and real estate capital market services.

GA Keen is marketing a total of 24 sites. The majority of the lease-held former retail properties, which range in size from 5,000 square feet to 324,000 square feet, are located in Florida, with others in Arizona, North Carolina, Nevada and Texas.

GA Keen Realty Advisors also is marketing a fee-owned property, located on South Tamiami Trail in Bonita Springs, Fla., which includes a 34,524-square-foot building on a two-acre site that offers an excellent opportunity for users, developers or investors.

"We expect some strong interest among other retail companies that are expanding and looking for space similar in size to these vacated properties," said Matthew Bordwin, co-president of GA Keen Realty Advisors. "Also, given the variation of showrooms and retail outlets Robb & Stucky operated, there is a wide variety of retail space to choose from."

Battered by a weak housing market since 2007, Fort Myers, Fla.-based Robb & Stucky filed for bankruptcy reorganization in U.S. District Court in Tampa on Feb. 18 to stabilize its operations and sell its assets.

For more information about the former Robb & Stucky properties, contact GA Keen Realty Advisors at 646.381.9222 or via e-mail.