From Home Furnishing Business
Toys R Us, 123 Locations Up for Auction
In a rare opportunity for retailers, landlords and real estate investors, a total of 123 Toys R Us and Babies R Us owned and ground-leased properties in 29 states will be auctioned on August 13 - 14 in Manhattan, provided that qualified bids exceed a certain threshold by the deadline of Aug. 7.
Advisory and real estate brokerage A&G Realty Partners will conduct the auction, while Lazard acts as investment banker to Toys R Us and its affiliated debtors.
With stores ranging in size from 20,000 to 65,000 square feet, the assets on offer include 10 locations in California, 18 in Ohio and multiple stores in states such as Illinois, Massachusetts and Pennsylvania.
The two-day auction will begin at 10 a.m. on Aug. 13 at the Manhattan offices of debtors' counsel Kirkland & Ellis LLP. The properties include the stores’ individual locations, as well as side-by-side or combined stores featuring both nameplates. Some of the sites are freestanding, while others are located in shopping centers. They include 112 owned and 11 ground-leased properties, according to A&G Realty, which in prior auctions sold more than 130 Toys R Us sites.
"This 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," said Emilio Amendola, co-president of A&G Realty. "Rarely do these many prime retail properties become available all at once. As with our prior, well-attended auctions for Toys R Us sites, we anticipate a robust response to this group of properties."
For a full store list as well as information on tours of specific properties, visit AGRealtyPartners.com
To submit bids and/or request additional information, contact Emilio Amendola, Emilio@AGRealtyPartners.com; Mike Matlat, Mike@AGRealtyPartners.com; or Todd Eyler, Todd@AGRealtyPartners.com