Melville, NY — 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.
Melville, NY — 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. Ann Arbor, Mich.-based Borders Group, Inc. operated more than 900 stores in the U.S. prior to its Chapter 11 bankruptcy protection filing in February 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," says 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.