MELVILLE, NY — A&G Real Estate Partners (A&G) has begun marketing leases for 280 store locations across the United States that are being closed by Stein Mart, Inc. in connection with its voluntary Chapter 11 bankruptcy. The firm, which was retained as the retailer’s real estate advisor, is also offering leases for three distribution centers and two office properties.
The Jacksonville, Florida-based chain’s stores range in size from 25,000 s/f to 51,000 s/f, and average 35,000 s/f. Stores are located in 30 states, with heavy concentrations in Arizona, California, Florida, Georgia, North Carolina, Ohio, South Carolina, Tennessee, Texas, and Virginia.
“The Stein Mart stores offer excellent opportunities for expansion-minded retailers, grocers, gyms, entertainment venues, large medical facilities and other users to gain entry in coveted power centers, lifestyle centers and neighborhood centers at favorable rents,” said A&G Co-President Emilio Amendola. “With many of the leases also offering options, these sites are also attractive to investors.”