A&G to Sell 296 Big Lots Store Leases in Connection with Bankruptcy Proceedings

Melville, N.Y. — A&G Real Estate Partners will market 296 Big Lots store leases for sale in connection with the retailer’s bankruptcy proceedings and restructuring. Columbus, Ohio-based Big Lots filed for Chapter 11 bankruptcy on Sept. 9 of this year to facilitate a sale of substantially all of its assets and operations to an affiliate of Nexus Capital Management. Big Lots has already received approval to commence a sale process of 144 store leases and will seek approval in the coming weeks for the sale process of the additional 152 leases. Located throughout the United States, the stores range in size from 18,000 to 58,400 square feet. According to Andy Graiser, co-president of Melville-based A&G, the company is also “engaged in nationwide lease restructuring negotiations for Big Lots locations that have the greatest likelihood of serving customers going forward.”