#United States #New York #ASI #American Signature #retail leases

American Signature's Retail Boxes Create Expansion Opportunity

In a significant development for the retail sector, AG Real Estate Partners has announced that it is now accepting offers for 23 store leases on behalf of American Signature, Inc. (ASI), a prominent name in the home furnishings industry. ASI, which operates the popular brands Value City Furniture and American Signature Furniture, recently filed for Chapter 11 bankruptcy, presenting a unique opportunity for retailers looking to expand their footprint in today's highly competitive market.

The 23 available locations span 12 states and average around 50,000 square feet, making them an attractive option for various retail formats. Potential lessees can expect immediate, turnkey occupancy in both urban and suburban markets, where retail space has become increasingly scarce.

Why the Retail Boxes Matter

According to Emilio Amendola, Co-President of AG Real Estate Partners, the strategic locations of ASI's retail boxes represent a rare find, especially given the current high occupancy rates in major shopping centers and a noticeable slowdown in new retail construction. This unique situation allows healthy and growing operators to capitalize on locations that are ideally positioned for consumers.

Mike Matlat, AG's Senior Managing Director, further emphasized the strong interest already being seen in these spaces, noting their potential appeal not just to furniture retailers but also to off-price retailers, discount department stores, specialty grocers, sporting goods brands, and even entertainment tenants. The versatility of the space means that landlords might also look to creatively subdivide these larger boxes as part of broader shopping center redevelopment projects.

The specific locations available include stores in Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New York, Ohio, Pennsylvania, and Virginia. This geographic spread allows for significant choice based on market needs and retailer strategies.

How Retailers Can Get Involved

Retailers interested in leasing these spaces will need to act quickly, as the bid deadline is set for Friday, December 19, 2025. AG has scheduled a real estate auction for January 5, 2026, pending the approval of the U.S. Bankruptcy Court for the District of Delaware. Interested parties are encouraged to reach out for additional details regarding bid procedures and remaining lease terms.

AC Real Estate Partners is known for its integrity and expertise, having successfully handled billions of dollars in real estate transactions since its inception. Their historical success and industry acumen provide a reliable path for retailers seeking to expand their operations through these newly available leases.

Conclusion

As the retail landscape continues to evolve, ASI's offering of these 23 store leases represents a promising opportunity for retailers seeking to establish or expand their footprint. With AG Real Estate Partners underlining the strategic importance of these spaces, the upcoming auction could well serve as a launchpad for new retail ventures in diverse markets across the U.S. It's an exciting time for both retailers and consumers in the home furnishings sector as these transitions unfold.