Lease sale spans 93 Midwest and Southeast locations
MELVILLE, N.Y., Feb. 12, 2025 /PRNewswire/ — A&G Real Estate Partners, a national real estate advisory firm specializing in lease optimization and real estate sales, announced today plans to market and sell 92 retail leases and one distribution center, formerly occupied by Bargain Hunt. The discount retailer, which operates across 10 states, filed for voluntary Chapter 11 bankruptcy on February 3, 2025, as part of a broader effort to facilitate the sale of its assets and business operations. The bid deadline is February 19, 2025.
“This portfolio offers a compelling opportunity for businesses seeking a foothold across the South,” says Mike Matlat and Doug Greenspan, Senior Managing Directors at A&G. “Given the speed of the bankruptcy, interested parties will need to act quickly. With competitive rents in established locations, these properties provide excellent value for companies looking to grow their real estate footprint. We anticipate interest from a range of tenants seeking efficient and well-located spaces and our team is committed to facilitating a smooth sales process for all parties involved.”
Founded in 2004, Bargain Hunt operates stores in Tennessee, Ohio, Indiana, Kentucky, North Carolina, South Carolina, Georgia, Alabama, Mississippi and Arkansas. The available leases cover a range of property types including freestanding stores, power centers, strip malls and urban retail corridors, averaging approximately 31,000 square feet per location.
The bid deadline is February 19, 2025, pending approval by the U.S. Bankruptcy Court for the Middle District of Tennessee.
Bargain Hunt stores will continue operating through the end of February 2025 as the company winds down operations. During this time, shoppers can take advantage of significant discounts and special deals while inventory lasts.
Store closure lease locations include:
Alabama (11)
Arkansas (3)
Georgia (14)
Indiana (1)
Kentucky (15)
Mississippi (4)
North Carolina (4)
Ohio (5)
South Carolina (5)
Tennessee (31)
A&G has a proven track record in successfully managing lease sales for major retailers, including Party City and Big Lots, maximizing value for both landlords and tenants.
For additional details, including bid procedures as well as remaining lease terms for individual locations, please contact:
About A&G Real Estate Partners:
Established in 2012 by founders Emilio Amendola and Andrew Graiser, A&G is a team of relationship builders, strategic negotiators, and brand protectors dedicated to achieving maximum value for all clients. We are proud to manage the entire commercial real estate spectrum, including property assets undergoing acquisition, auction, retail, office, and industrial transactions. Our goal is to exceed client expectations by maximizing their value, minimizing their loss, and protecting their brand heritage. For more information, visit www.agrep.com
SOURCE A&G Real Estate Partners
Originally published at https://www.prnewswire.com/news-releases/ag-real-estate-partners-to-sell-bargain-hunt-stores-following-bankruptcy-filing-302374899.html
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