Thursday, May 2, 2019

Modell’s taps real estate advisor to aid lease negotiations

Chain Store Age
Modell’s Sporting Goods is taking a hard look at its portfolio.

The New York City-based sporting goods retailer has brought in A&G Realty Partners to assist in lease negotiations with its landlords, according to a report by Debtwire, which cited two sources familiar with the matter. Modell’s is also working with Cole Schotz and Berkeley Research Group as it explores strategic alternatives amid recent struggles to make timely payments to its landlords and vendors, according to the report. The family-owned chain operates more than 150 stores in the Northeast.. . . more