Monday, August 27, 2018

Eighty-two Toys ‘R’ Us properties going on auction block

Chain Store Age
A total of 82 former Toys “R” Us and Babies “R” Us stores and other real estate assets will be auctioned on Sept. 27 in Manhattan by advisory and real estate brokerage firm A&G Realty Partners and Raider Hill Advisors, private real estate investment and advisory firm. The auction will take place beginning at 10 a.m. EDT on Sept. 27 at the offices of Kirkland & Ellis LLP, 601 Lexington Avenue, New York.

The auction will include 52 ground-leased properties, 29 building leases and one parking lot lease. Ranging in size from 22,000 sq. ft. to 63,000 sq. ft., the sites include Toys “R” Us and Babies “R” Us locations, as well as side-by-side or combined stores with both nameplates. . . . more