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.