MELVILLE, N.Y.--(BUSINESS WIRE)--A&G Realty Partners, a leading commercial real estate, advisory and investment group, announced that it has been retained by Sport Chalet LLC to manage the sale of the retail stores and office and distribution center leases following its recent Chapter 11 bankruptcy filing.
A&G Realty is currently accepting bids on the leases, which range from 12,000 to 50,000 square feet located in Arizona, California, and Nevada. For a complete list of stores please click - www.agrealtypartners.com. In addition, we are accepting bids for the corporate office in La Canada, distribution facilities in Ontario and Van Nuys which range from 12,140 to 326,543 square feet. The auction is tentatively set for early June.
The Debtors will seek court approval for exceptional private sales on a more accelerated timetable outside the auction process.
“The company has many attractive below market rate leases that are very well positioned in the top retail markets in California. By taking assignment of leases, retailers have the opportunity to enter hard to penetrate markets and centers and be open for business this year. The availability of these leases is expected to attract interest from several national and local retailers and investors," said Emilio Amendola, A&G Co-President.
About A&G Realty Partners
A&G Realty Partners specializes in real estate dispositions, lease restructurings, facilitating growth opportunities, valuations and acquisitions. A&G Realty clients include some of the nation's most recognizable retail brands in healthy and distressed situations. A&G Realty is a leader in finding innovative ways to consolidate and reconfigure real estate to achieve the highest possible value. A&G Realty was founded in 2012 and headquartered in New York with offices in Chicago and Los Angeles. For more information, please visit www.agrealtypartners.com.