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GA Keen Realty Advisors to Auction Coldwater Creek Retail Sites Nationwide

May 30, 2014, 07:14 AM
Filed Under: Bankruptcy

GA Keen Realty Advisors, the real estate division of Great American Group, has been retained, subject to bankruptcy court approval, by women's clothing retailer Coldwater Creek Inc. to market and auction 363+/- valuable retail leases located nationwide. Coldwater Creek filed for bankruptcy and announced its decision to liquidate all of its stores earlier this year.

"These leaseholds represent a strategic opportunity for retailers to acquire below market leases in many of the most desirable malls, lifestyle centers, street and factory outlet locations throughout the country. A portfolio like this has not come on the market in years," said GA Keen Realty Advisors Co-President, Matthew Bordwin. "As part its bankruptcy proceeding Coldwater Creek controls the disposition process and has the ability to assign its leases to other retailers. As such, retailers should contact us immediately if they are interested in any of the available locations," added Bordwin.  

The retail spaces range from 3,249 sq. ft. to 15,844 sq. ft., averaging approximately 5,600 sq. ft. The leases are being marketed pursuant to Bid Procedures that have been filed with the bankruptcy court and remain subject to court approval.

GA Keen Realty Advisors, located in New York, provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services.

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