M id A tlantic Real Estate Journal — Retail Development Reimagined — September 25 - October 15, 2020 — 7A
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R etail D evelopment R eimagined
ELVILLE, NY — A&G Real Estate Partners (A&G) Locations averaging 35,000 s/f are situated in prime shopping centers across the US A&G now marketing leases for 280 Stein Mart stores, plus distribution centers and offices M
has begun m a r k e t - ing l eases f o r 2 8 0 store loca- tions across the United States that a r e b e i n g c l o s e d b y
EmilioAmendola
SteinMart, Inc. in connection with its voluntary Chapter 11 bankruptcy. The firm, which was retained as the retailer’s real estate advisor, is also of- fering leases for three distri- bution centers and two office properties. The Jacksonville, Florida- based chain’s stores range in size from 25,000 s/f to 51,000 s/f, and average 35,000 s/f. Stores are located in 30 states, with heavy concen- trations in Arizona, Califor- nia, Florida, Georgia, North Carolina, Ohio, South Caro- lina, Tennessee, Texas, and Virginia. “The Stein Mart stores of- fer excellent opportunities for expansion-minded retailers, grocers, gyms, entertain- ment venues, large medical facilities and other users to gain entry in coveted power centers, lifestyle centers and neighborhood centers at favorable rents,” said A&G Co-President Emilio Amen- dola . “With many of the leases also offering options, these sites are also attractive to investors.” Leases for distribution centers include a 91,761 s/f facility in Ontario, CA; a 75,050 s/f building in Grand Prairie, TX, and a 30,122 s/f site in Lithia Springs, GA. Also available are a pair of 32,200 s/f offices in Jackson - ville, FL. “These distribution centers and offices provide strong op - portunities for companies of all types to pick up leases for well-located properties at low rents,” said A&G senior man- aging director Mike Matlat . Stein Mart, Inc. and its subsidiaries filed voluntary petitions on August 12, 2020 for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida – Jacksonville Di- vision. Liquidation sales are currently under way at all locations. MAREJ
Stein Mart
RECEIVER SALE Flex/Office Facility | Hagerstown, Maryland
INCREDIBLE SINGLE-USER FACILITY • 23,200 Sq. Ft. on 3.06 Acres • Turn-Key Facility • Built in 2005 • Office Suites, Over-Sized Conference Room, Computer Lab Ideal for Office, Industrial or IT Users
MIKE MATLAT 631-465-9508 | mike@agrep.com MICHAEL STANFORD 301-733-5388 | mstanford@cesproperties.com
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