Rush on to nab Radio Shack stores
Melville, NY-based real estate advisory and investment group, A&G Realty Partners has been retained by RadioShack to manage the sale of its stores.
The news comes following Radio Shack’s recent Chapter 11 bankruptcy filing.
A&G Realty is currently accepting bids on the leases, which range from 1,200 to 5,300 s/f located in many of the major retail markets in the country, including prestigious locations in NYC, Chicago, Los Angeles, Dallas, Puerto Rico and Miami.
“The company has done a great job with their real estate and are well positioned in key retail street, strip and mall locations,ˮ said Andy Graiser, A&G co-president.
“By taking assignment of leases, retailers have the opportunity to enter new markets and gain access to projects they may have previously been unable to penetrate. The availability of these leases is expected to attract interest from many national and local retailers.”
Graiser added, “We expect store closing sales to move very quickly and there will be several waves of store closures. It is important for interested parties to move quickly on submitting offers for leases before the store closes.”