Thursday, April 18, 2019

Any Takers for Toys R Us Space Yet?

KeyPoint Partners
It seems that, on an annual basis, we see another national big box chain fall to online competition, high debt, and, in some cases, mismanagement. Go back a decade or more and the list becomes extensive: Circuit City, Linens ‘N Things, Borders, Comp USA, Mervyn’s, Bombay, Filene’s Basement, Sports Authority, Mill Stores, Building 19…have we missed any? This means that every year the real estate industry is searching for replacements, sometimes successfully – and other times not.

The latest liquidation casualty is Toys R Us. Along with Babies R Us stores, this chain vacated 30 stores and more than 1.0 million square feet of retail space across the three regions covered by KeyPoint Partners’ proprietary GRIID: Eastern Massachusetts/Greater Boston, Southern New Hampshire, and Greater Hartford. . . . more