A&G Real Estate Partners to Market Bargain Hunt Retail Leases After Bankruptcy
In a significant move following the recent bankruptcy filing of Bargain Hunt, A&G Real Estate Partners has announced the marketing and sale of 92 retail leases alongside a distribution center that was previously used by the discount retailer. This announcement comes after Bargain Hunt filed for voluntary Chapter 11 bankruptcy on February 3, 2025, a strategic decision aimed at restructuring its operations and facilitating asset sales. As Bargain Hunt has operated across 10 states, this sale represents a valuable opportunity for real estate investors and businesses seeking to establish or expand their footprint in the Midwest and Southeastern United States.
The properties that will be available include a variety of retail locations such as freestanding stores, strip malls, power centers, and urban retail corridors, all averaging around 31,000 square feet. Notably, the bid deadline for these properties is set for February 19, 2025, pending approval from the U.S. Bankruptcy Court for the Middle District of Tennessee. Mike Matlat and Doug Greenspan, Senior Managing Directors at A&G, emphasized the urgency of this sale, indicating that due to the rapid pace of Bargain Hunt's bankruptcy proceedings, potential buyers need to act swiftly to benefit from the competitive rental rates offered at established locations.
Bargain Hunt has a notable presence, with stores in states including Tennessee, Ohio, Indiana, and South Carolina, among others. As the company winds down operations, it will continue to run its existing stores through the end of February 2025, during which time customers can take advantage of deep discounts as inventory dwindles. The store closures span across Alabama (11 locations), Arkansas (3), Georgia (14), Indiana (1), Kentucky (15), Mississippi (4), North Carolina (4), Ohio (5), South Carolina (5), and Tennessee (31).
AG Real Estate Partners, established with the vision to optimize lease transactions and manage sales efficiently, has a proven history in handling similar lease sales for major retailers. In the past, AG has successfully managed lease responses for companies like Party City and Big Lots, maximally leveraging value for landlords as well as tenants. As a firm that excels in navigating complex real estate scenarios, AG promises a structured and smooth sales process for all interested parties involved in this transaction.
All inquiries regarding the bid procedures, remaining lease terms for each location, and further details should be directed to Doug Greenspan or Mike Matlat, both Senior Managing Directors at AG Real Estate Partners.
As the retail landscape continues to evolve, opportunistic investors might find this moment a pivotal time to seize valuable retail spaces that carry the potential for growth and increased market traction in the competitive Southern and Midwest regions.
The properties that will be available include a variety of retail locations such as freestanding stores, strip malls, power centers, and urban retail corridors, all averaging around 31,000 square feet. Notably, the bid deadline for these properties is set for February 19, 2025, pending approval from the U.S. Bankruptcy Court for the Middle District of Tennessee. Mike Matlat and Doug Greenspan, Senior Managing Directors at A&G, emphasized the urgency of this sale, indicating that due to the rapid pace of Bargain Hunt's bankruptcy proceedings, potential buyers need to act swiftly to benefit from the competitive rental rates offered at established locations.
Bargain Hunt has a notable presence, with stores in states including Tennessee, Ohio, Indiana, and South Carolina, among others. As the company winds down operations, it will continue to run its existing stores through the end of February 2025, during which time customers can take advantage of deep discounts as inventory dwindles. The store closures span across Alabama (11 locations), Arkansas (3), Georgia (14), Indiana (1), Kentucky (15), Mississippi (4), North Carolina (4), Ohio (5), South Carolina (5), and Tennessee (31).
AG Real Estate Partners, established with the vision to optimize lease transactions and manage sales efficiently, has a proven history in handling similar lease sales for major retailers. In the past, AG has successfully managed lease responses for companies like Party City and Big Lots, maximally leveraging value for landlords as well as tenants. As a firm that excels in navigating complex real estate scenarios, AG promises a structured and smooth sales process for all interested parties involved in this transaction.
All inquiries regarding the bid procedures, remaining lease terms for each location, and further details should be directed to Doug Greenspan or Mike Matlat, both Senior Managing Directors at AG Real Estate Partners.
As the retail landscape continues to evolve, opportunistic investors might find this moment a pivotal time to seize valuable retail spaces that carry the potential for growth and increased market traction in the competitive Southern and Midwest regions.
Topics General Business）
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