Three Hudson Valley Toys ‘R’ Us Stores to be Auctioned
John Jordan | August 2, 2018
NEW YORK—Among a total of 123 Toys ‘R’ Us and Babies ‘R’ Us owned and leased stores slated for auction later this month are three store locations in the Hudson Valley.
The shuttered locations on the block are in Nanuet, Poughkeepsie and Yonkers. The only other New York State location available at the auction is in Syracuse.
A&G Realty Partners is conducting the auction and Lazard is acting as investment banker to Toys ‘R’ Us and its affiliated debtors in the auction. The deadline for the submission of bids is Aug. 7.
The two-day auction will begin at 10 a.m. on Aug. 13th at the Manhattan offices of debtors’ counsel Kirkland & Ellis LLP, 601 Lexington Ave., provided that qualified bids exceed a certain threshold by the bid submission deadline on Aug. 7.
Available stores range in size from 20,000 square feet to 65,000 square feet. Among the properties available at the auction include 10 locations in California (Bell Gardens, Dublin, Los Angeles-Van Nuys, Mission Viejo, Modesto (2), Murrieta, Oxnard, Riverside and Vista), numerous store locations in Ohio (Boardman (2), Canton, Cincinnati, Columbus, Copley, Cuyahoga Falls, Dublin, Elyria, Holland, Mentor, Miamisburg, North Olmstead, Reynoldsburg, Saint Clairsville, Sandusky, Toledo, and multiple stores in Illinois, Massachusetts and Pennsylvania.
“This latest auction presents a rare opportunity for buyers to advance their real estate strategies with well located, high-visibility big-box sites that can work for single-users or be subdivided,” says Emilio Amendola, co-president of A&G Realty. “Rarely do these many prime retail properties become available all at once. As with our prior, well-attended auctions for Toys ‘R’ Us sites, we anticipate a robust response to this group of properties.”
The properties include Toys ‘R’ Us and Babies ‘R’ Us locations, as well as side-by-side or combined stores featuring both retailers. Some of the sites are freestanding, while others are located in shopping centers. They include 112 owned and 11 ground-leased properties, according to A&G Realty, which in prior auctions sold more than 130 Toys ‘R’ Us sites.