#USA #New York #AG Real Estate #Saks OFF 5TH #Last Call

A&G's Retail Expansion Initiative: 59 Saks OFF 5TH and Last Call Locations Available

A&G Real Estate Partners is poised to make waves in the retail sector as it invites offers for an impressive 59 leases of Saks OFF 5TH and Last Call stores. This initiative is expected to reshape the current retail landscape, offering brands ranging from athletic wear to off-price fashion an exceptional opportunity for growth.

In recent developments, AG has positioned itself as a key player in the transition of Saks OFF 5TH into a more focused luxury retail brand under Saks Global Enterprises LLC. By offering 54 Saks OFF 5TH and 5 Last Call locations across 19 states, AG is facilitating a strategic shift to accentuate premium offerings and full-priced sales through its esteemed portfolio.

Key Statistics and Location Insights

The 59 Saks OFF 5TH stores collectively offer around 1.7 million square feet of retail space, with an average size of approximately 28,000 square feet per store. This presents a significant advantage in a retail market that is currently tight on available space. Emilio Amendola, Co-President of AG and head of its real estate sales division, highlighted the advantages of these large spaces in accommodating expanding brands. He mentioned,

“These larger spaces are a strong fit for expanding brands in categories like footwear, sporting goods, and off-price fashion and accessories.”

The stores are strategically located in high-traffic areas such as premium outlet centers, open-air lifestyle hubs, traditional malls, and mixed-use properties, making them prime spots for retail operations.

Demand for Retail Space

As the retail sector evolves, the demand for such expansive locations has risen significantly, particularly for brands looking to establish their presence in competitive markets. Landlords are particularly enthusiastic about repurposing existing retail boxes, suggesting that there may be even more opportunities on the horizon once this auction process concludes.

Brands interested in this retail expansion should keep their eyes open for updates from AG as the details regarding auction dates and bid deadlines will be announced pending approval from the U.S. Bankruptcy Court for the Southern District of Texas.

Locations Overview

The Saks OFF 5TH locations are scattered across various states, with notable counts including:

• - California (9)
• - Texas (6)
• - Florida (6)
• - New York (4)
• - Arizona (4)
• - And more!

The Last Call locations, on the other hand, include:

• - Texas (2)
• - California (2)
• - Florida (1)

This comprehensive listing illustrates the expansive reach and potential of the brands represented by A&G. From the opportunities presented, brands looking to capitalize on growth need to act swiftly in exploring these offerings.

For those interested in real estate details, including lease terms for individual locations, they are encouraged to reach out directly to the representatives at A&G, including Emilio Amendola and his colleagues. Their expertise will provide invaluable insights into this expansive opportunity.

Conclusion

The sale of these 59 Saks OFF 5TH and Last Call locations marks an intriguing chapter in retail, where brands have the chance to seize prime real estate in bustling markets. As the retail landscape continues to transform, A&G’s initiative stands as a beacon of opportunity for potential lessees aiming to establish themselves in high-demand spaces. Stay tuned for further developments as A&G navigates through the upcoming phases of this exciting project.