New York City — A&G Real Estate Partners is entertaining offers on 49 David’s Bridal leases across the United States — transactions that must be presented for bankruptcy court approval by June 30. “Interested retailers and landlords need to act now to seize these excellent real estate opportunities while they’re still available,” says Mike Matlat, senior managing director of A&G. Acting in its capacity as real estate advisor to the Conshohocken, Pa.-based retailer, A&G also plans to hold a July bankruptcy auction of an additional select group of David’s Bridal …
A&G Real Estate Partners
Westlake Village, Calif. — Just over 3 weeks after filing for Chapter 11 bankruptcy, Guitar Center appears ready to already emerge from the process. In its original filings, the Westlake Village, Calif.-based musical instrument and supplies retailer reported its business of instrument purchases, rentals, repairs and music lessons suffered amid the upheaval stemming from government-mandated shutdowns in response to the COVID-19 pandemic. At a virtual hearing on December 17, 2020, U.S. Bankruptcy Judge Kevin Huennekens, based in Richmond serving the Eastern District of Virginia, approved Guitar Center’s bankruptcy plan, according …
Guitar Center Files for Chapter 11 Bankruptcy Protection, Hires A&G to Evaluate Store Footprint
Westlake Village, Calif. — Musical instrument retailer Guitar Center has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the Eastern District of Virginia. The Westlake Village-based company did not announce plans to close any of its 297 stores, but it has retained A&G Real Estate Partners to explore opportunities for its real estate portfolio. In court filings, Guitar Center cited its business of instrument purchases, rentals, repairs and music lessons suffered amid the upheaval stemming from government-mandated shutdowns in response to the COVID-19 pandemic, according to The …
Chicago — Jeffrey K. Hoffmann, a veteran banking executive who has provided strategic advice and capital solutions to operators of some of the biggest restaurant brands in North America, has joined A&G Real Estate Partners as a senior managing director and head of the firm’s fast-growing restaurant division. “Jeff is a trusted strategic partner with broad experience and extensive relationships in the restaurant business,” says Andy Graiser, co-president of Melville, N.Y.-based A&G. “He brings strong leadership to our deep bench of experts in this industry. We are very excited to …