August 5, 2020
In its capacity as real estate advisor for Stage Stores, Inc., A&G Real Estate Partners is now accepting bids on the retailer’s Jacksonville distribution center and two other properties. The Houston-based chain filed for Chapter 11 protection in May.
A&G is marketing the fee interest for the 435,196-square-foot facility, located at 506 Beall Blvd. in this Cherokee County municipality. Situated on a 42.51-acre parcel that includes undeveloped land for expansion, the distribution center was built in 1985 and has undergone multiple rounds of modernization to accommodate brick-and-mortar and e-commerce fulfillment.
“This strategically located, state-of-the-art property offers an excellent turnkey opportunity for retailers and other companies seeking to enhance their footprint for direct-to-consumer and/or brick-and-mortar fulfillment,” said Mike Matlat, senior managing director at Melville, NY-based A&G.
“The site is also highly attractive to investors looking to capitalize on the booming warehouse/distribution real estate market in this key Sunbelt state,” he added.
For comments, questions or concerns, please contact Paul Bubny