A&G REALTY PARTNERS RETAINED TO MANAGE BANKRUPTCY SALE OF ALL ALCO STORES
Melville, New York, December 9, 2014 – A&G Realty Partners, a leading commercial real estate, advisory and investment group, today announced that it has been retained by ALCO Stores, Inc. to manage the sale of approximately 200 ALCO store locations, as well as the company’s former headquarters. The sale is a result of ALCO’s Chapter 11 bankruptcy filing on October 12, 2014.
Effective immediately, A&G Realty is accepting bids to acquire the leases, which are all approximately 21,000 square feet and located in 23 states throughout central United States (see attached store listings). Among the approximately 200 properties, five stores are ALCO-owned located in Tioga, ND, Sidney, MT, Moab, UT, Cotulla, TX, and Truth or Consequences, NM. Furthermore, A&G will also be selling ALCO’s former headquarters building and warehouse in Abilene, KS.
“With more than 100 years servicing smaller communities with limited access to full-line retail chains, this sale of ALCO properties represents an exceptional retail opportunity throughout middle America,” said Michael Jerbich, Principal of A&G Realty Partners, who is managing the court ordered sale. “Due to the uniqueness of the real estate and the profitability of many of the stores, we are expecting very strong interest.”
Bids on the leases are due by December 15, 2014, with an auction scheduled in Dallas, TX on December 17, 2014. For more information on the sale of ALCO store locations, please visit www.agrealtypartners.com or contact Michael Jerbich at (312) 454-2057.