HACKENSACK, NJ—As speculation increases over RadioShack's fiscal woes and an expected bankruptcy filing, retail analysts believe that there will be considerable interest in the retailer's leased space in Northern New Jersey.
The Fort Worth, TX-based company announced last March that it planned to close about 1,000 of its more-than 4,000 stores. However, company investors have spiked that plan and instead have pressed for the company's liquidation, according to The Record.
"There'd be some really great opportunities out there if RadioShack spaces became vacant," says Chuck Lanyard, president of the Goldstein Group, a Paramus-based retail brokerage. RadioShack stores are between 2,000 to 2,500 square feet, according to Lanyard.
"That size is very desirable, and RadioShack stores very often are going to be found in prime locations, such as supermarket-anchored shopping centers and regional malls," he says.
Bloomberg News reported Tuesday that Amazon, Sprint, and the investment group behind the Brookstone stores, are all potentially interested in RadioShack locations if as expected they become available.
There are 21 RadioShack locations in North Jersey. See story in The Record.
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