Woodland Hills, Calif. -- GA Keen Realty Advisors, a division of Great American Group, has been retained to assist in the marketing and disposition of 70 leased properties across 21 states operated by Metropark, which filed for bankruptcy earlier this month. Metropark’s retail properties, which range in size from 2,000 sq. ft. to 3,500 sq. ft., are concentrated in the West (California, Arizona, Colorado, Nevada and Texas) and in the East (New York, New Jersey, Pennsylvania, Georgia and Florida).
“Metropark has locations in some of the best malls and centers in the country, with great locations within those malls with build-outs that are first class,” said Matthew Bordwin, co-president of GA Keen Realty Advisors. “This represents a great opportunity for another retailer to move right in with little up-front costs on build-out. Also, retailers have a unique chance to get “A” space in multiple locations at the same time.”
The bid deadline has been set for May 25 – with the auction set for May 26.