A&G Realty to Sell 2,587 Payless ShoeSource Store Leases in the U.S., Canada

Melville, N.Y. — A&G Realty Partners has been retained to sell 2,587 Payless ShoeSource store leases in the U.S. and Canada.

Payless filed for bankruptcy protection Feb. 18 and announced that it planned to close all of its North American stores. The available leases include 255 locations in California, 192 in Texas, 170 in Florida and 157 in New York. Plans call for the leases to be sold under a multi-tiered process, aligned with groups of monthly store closings that are expected to begin in March and conclude in May.