Melville, N.Y. -- DJM Realty, a Gordon Brothers Group company, said Monday it has been retained to exclusively manage the disposition of all remaining Borders Group and Waldenbooks real estate in the United States. The news came after Borders announced it had abandoned hope that the company could be saved from liquidation.
"This group of Borders' stores has generated very strong interest from retailers,” said Andy Graiser, co-president of DJM Realty, based in Melville, N.Y. “With a lack of new real estate development and restrictive barriers of entry in several key markets, surplus real estate like Borders becomes a very good opportunity for a number of growing retailers looking to open for business during the next four to 12 months.”
According to DJM, the 259 remaining leases available for assignment in the bankruptcy disposition range from 10,000 sq. ft. to 40,218 sq. ft. in 44 states and Puerto Rico. A full list of the individual properties is available at djmrealty.com.