Melville, N.Y. -- A&G Realty Partners said Tuesday it has been retained by Charming Shoppes to exclusively manage the resolution of all remaining Fashion Bug real estate leases in the United States.
On June 14, Ascena Retail Group acquired Charming Shoppes and announced plans to cease operating and close down the Fashion Bug arm by early 2013.
"We're pleased to be working with A&G Realty Partners to wind down our remaining Fashion Bug store leases,” said Jonathon Graub, executive VP real estate, Charming Shoppes.
"We expect this group of Fashion Bug locations to generate very strong interest from a variety of retailers,” added A&G co-president Emilio Amendola. “We're faced with a lack of new real estate development and that, combined with favorable lease terms in strong markets, creates a unique oppor