July 11, 2019
A&G Realty Partners will auction six vacant Shopko boxes and 61 vacant outparcel sites as part of the mass merchant’s Chapter 11 bankruptcy. The July 24 auction will be held at the Chicago law office of Kirkland and Ellis.
“This auction represents an excellent opportunity for a variety of real estate stakeholders—everyone from expanding grocery chains, to large-format fitness centers, to investors seeking to subdivide or otherwise repurpose well-located big boxes,” said A&G’s Michael Jerbich.
The six owned stores are in Montana, North Dakota, Kansas, Iowa and Michigan. The outparcel sites are located across 11 Midwestern states, as well as Kentucky, Tennessee, Wyoming, Montana and Washington.
A $3-billion retailer founded in 1962, the Ashwaubenon, WI-based Shopko operated 360 stores across 26 states when it filed for Chapter 11 bankruptcy protection this past January. A hearing to consider approval of the bids will be held on or after July 29.
For comments, questions or concerns, please contact Paul Bubny