NEW YORK—Pending bankruptcy court approval, GA KeenRealty Advisors has been retained by women's clothingretailer Coldwater Creek to market and auction 363retail leases nationwide.

"These leaseholds represent a strategic opportunity forretailers to acquire below market leases in many of the mostdesirable malls, lifestyle centers, street and factory outletlocations throughout the country. A portfolio like this has notcome on the market in years," says GA Keen Realty AdvisorsCo-President Matthew Bordwin. "As part itsbankruptcy proceeding Coldwater Creek controls the dispositionprocess and has the ability to assign its leases to otherretailers. As such, retailers should contact us immediately if theyare interested in any of the available locations.”

The retail spaces range from 3,249 square feet to 15,844 squarefeet, averaging approximately 5,600 square feet and are atlocations across the country. The leases are being marketedpursuant to bid procedures that have been filed with the bankruptcycourt and remain subject to court approval, GA Keen Realty says.The bid procedures provide for a bid deadline of June 26th and anauction date of July 8th. However, offers are now being consideredfor both individual stores and/or packages of multiple locations,the company states in a press announcement.