New York City — A&G Real Estate Partners has announced plans to auction 695 Party City store leases in 44 states in its capacity as real estate advisor to the retailer. Party City Holdco Inc. (PCHI) first filed for Chapter 11 bankruptcy protection in January 2023 and announced in December 2024 that it would be liquidating and closing all stores.
The leases range in size from roughly 7,000 to 46,000 square feet, with the spaces available for immediate occupancy. The bid deadline and auction are scheduled for early February. According to a press release issued by A&G, potential new occupants include gym and entertainment concepts, dollar stores, local specialty retailers, furniture stores and medical offices. Going-out-of-business sales are currently underway at the locations.