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Toys 'R' Us Stores Hit the Auction Block

 Toys 'R' Us Stores Hit the Auction Block
Eighty-two former Toys “R” Us and Babies “R” Us stores across 32 states will be auctioned off next month, as well as select additional real estate holdings.

Set to take place Sept. 27 in New York, N.Y, the auction is being organized by A&G Realty Partners, an advisory and real estate brokerage, and Raider Hill Advisors, a private real estate investment and advisory firm.

Properties for sale include 52 ground-leased spaces, 29 building leases and one parking lot lease. The stores range in size from 22,000 to 63,000 square feet. The auction items consist of both stand-alone Toys “R” Us and Babies “R” Us storefronts as well as co-branded retail outfits.

For the event to take place, a certain number of qualified bids must be submitted by Sept. 20.

"The opportunities here are diverse and include both freestanding and shopping center locations," says Todd Eyler, managing director, A&G. "These are well-located, high-visibility big-box sites that can work for single-users or be subdivided, which is precisely the type of flexibility required for the kinds of adaptive strategies that are pulling ahead in today's real estate marketplace.” The sites are a portion of the Propco I portfolio.   

The auction will begin at 10:00 a.m. Sept. 27 at the offices of debtors' counsel Kirkland & Ellis LLP, located at 601 Lexington Ave, New York, N.Y.

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