March 17, 2020
A&G Real Estate Partners, based in Melville, NY, has begun marketing 137 Modell’s Sporting Goods store leases in nine Northeastern and Mid-Atlantic states and the District of Columbia, in connection with the 131-year-old retailer’s voluntary Chapter 11 bankruptcy filing and liquidation. An auction date and deadline for bids will be announced at a later date.
“With locations in prime highway retail centers, busy central business districts and regional malls, the Modell’s sites offer tremendous opportunities for specialty retailers, restaurants, medical tenants and other uses,” said A&G co-president Emilio Amendola. “Given the quality of this real estate, we anticipate a robust response.”
The available stores average 17,500 square feet and range in size from 6,800 to 32,700 square feet. “In addition to favorable rents, many of the leases offer multiple renewal options,” Amendola added.
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