REAL ESTATE

Aldi, Big Lots, and Ashley pick up some Toys ‘R’ Us stores

BY CSA Staff

The liquidation sale of some 800 shuttered Toys “R” Us stores that began in March has been proceeding slowly, but ticked up with some notable acquisitions in the past week.

Aldi, Ashley Furniture, Big Lots, and Raymour & Flanigan were winning bidders of Toys Stores, according to CNBC.

Many of the stores have been bought by mall and center owners looking to re-lease them, and retailers including Dick’s Sporting Goods have said they’ll be interested when rents go low enough, according to the network.

“I think there is going to be solid demand for these locations. Most are around successful malls with high barriers to entry, solid demographics, and high incomes,” Bill Read, executive VP of retail specialists, told CNBC. “The locations by ‘B’ and ‘C’ malls may take longer to sell or lease.”

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