A&G Realty to Sell 2,587 Payless Store Leases

Payless ShoeSource is selling 2,587 store leases in North America including the Middletown, NY store.

NEW YORK CITY—A&G Realty Partners will manage the sale of the 2,587 Payless ShoeSource store leases including all locations in Canada and the US. The stores range from 500 square feet to 10,000 square feet, with an average size of 3,000 square feet. The available leases include 255 locations in California, 192 in Texas, 170 in Florida and 157 in New York.

“With locations available in all 50 states, the District of Columbia, Puerto Rico, and all 10 Canadian provinces, the Payless leases offer incredible market penetration opportunities for food, fashion, or service brands looking to enter new regions,” says A&G co-president Emilio Amendola. “The diversity of the Payless leases—with urban, suburban strip center, freestanding highway and mall stores—creates a wide range of possibilities for expanding chains seeking affordable rents in prime locations. We expect a strong response from national, regional and local tenants.”