Post-Bankruptcy Modell's Taps A&G Real Estate to Auction Leases

Modell’s Sporting Goods. Credit: Flickr.

NEW YORK CITY- Modell’s Sporting Goods has 137 leases up for grabs as the retailer has just recently filed for Chapter 11 bankruptcy and liquidation and has tapped A&G Real Estate Partners to begin marketing them. The store leases are in nine Northeastern and Mid-Atlantic states and the District of Columbia. The 111-year-old retailer has made its leases available online for auction at Agrep.com, for which a deadline has not been set and will be announced at a later date. 

“This iconic brand had an extraordinary real estate strategy, with the family-owned business assembling one of the strongest portfolios of top retail locations in New York City’s five boroughs—an area with significant barriers to entry,” said A&G Co-President Emilio Amendola in a prepared statement. “Similarly, the vast majority of Modell’s sites on Long Island and in New Jersey, Pennsylvania, New England and the Mid-Atlantic are ‘A’ locations with very advantageous rent structures. Opportunities like this come around once every 10 years.”