DJM Realty to Dispose of All Remaining Borders Group Real Estate in the United States
(Press Release) MELVILLE, N.Y., July 18, 2011 /PRNewswire/— DJM Realty, a Gordon Brothers Group company, has been retained to exclusively manage the disposition of all remaining Borders Group and Waldenbooks real estate in the United States. Borders Group, Inc., a leading specialty retailer of books as well as other educational and entertainment items operated over 900 stores in the US prior to its Chapter 11 bankruptcy protection filing on February 16, 2011.
"This group of Borders' stores has generated very strong interest from retailers. With a lack of new real estate development and restrictive barriers of entry in several key markets, surplus real estate like Borders becomes a very good opportunity for a number of growing retailers looking to open for business during the next 4-12 months. It is not every day a portfolio becomes available which includes premier real estate sites in northern and southern California, the cities and surrounding suburbs of New York, Illinois, Texas, the north east corridor and mid-Atlantic states," said Andy Graiser, Co-President of DJM Realty.
The 259 remaining leases that are available for assignment in this bankruptcy disposition range from 10,000 - 40,218 square feet and are available in the following locations: Arizona (3), California (31), Colorado (7), Connecticut (3), Delaware (2), Florida (7), Georgia (7), Hawaii (3), Iowa (3), Idaho (2), Illinois (16), Indiana (4), Kansas (2), Kentucky (3), Louisiana (1), Massachusetts (8), Maryland (8), Maine (3), Michigan (13), Minnesota (3), Mississippi (1), Missouri (5), Montana (2), North Carolina (4), Nebraska (3), New Hampshire (3), New Jersey (8), New Mexico (3), Nevada (6), New York (18), Ohio (10), Oklahoma (1), Oregon (6), Pennsylvania (14), Puerto Rico (1), Rhode Island (2), South Dakota (1), Tennessee (5), Texas (12), Utah (1), Virginia (10), Vermont (1), Washington (9), Wisconsin (2) and West Virginia (2).
Borders property details are available at www.djmrealty.com. For more information regarding the disposition assignment please contact James Avallone of DJM Realty at (631) 752-1100 x224 or firstname.lastname@example.org , Emilio Amendola at (631) 752-1100 x223 or email@example.com or Andy Graiser at (631) 752-1100 x229 or firstname.lastname@example.org.
Borders Group, Inc.
Headquartered in Ann Arbor, Mich., Borders Group, Inc. is a leading specialty retailer of books as well as other educational and entertainment items. Online shopping is offered through borders.com. Find author interviews and vibrant discussions of the products we and our customers are passionate about online at facebook.com/borders, twitter.com/borders and youtube.com/bordersmedia. For more information about the company, visit borders.com/media.
About DJM Realty
DJM Realty, a Gordon Brothers Group company, specializes in real estate dispositions, lease restructurings, facilitating growth opportunities, valuations and acquisitions. DJM Realty has serviced the nation's most recognizable brands in healthy and distressed situations. Bankruptcy clients have included BI-LO, Blockbuster, Circuit City, Linens N Things, Movie Gallery, Gottschalks, Goody's Family Clothing, Harry and David, KB Toys, Kmart and Sbarro. DJM Realty is a leader in finding innovative ways to consolidate and reconfigure real estate to achieve the highest possible value. DJM Realty was founded in 1992 and is headquartered in New York with offices in Los Angeles, Boston and Chicago. For more information, please visit www.djmrealty.com.
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Puerto Rico
- Rhode Island
- South Dakota
- Southern California
- United States