Richmond, VA-based Heilig-Meyers has appointed a joint venture of DJM Asset Management, LLC and Trammell Crow Co. as its agent to manage the disposition of the properties. All told, Trammell Crow and DJM are marketing 29 fee owned properties and 271 leaseholds in freestanding and strip center stores in 26 states, ranging in size from 9,000 to 60,000 square feet, and two distribution centers.

In Portland, six properties are available. One of them is a 71,500-sf lease of a distribution building at 7515 N. Leadbetter Rd. The lease rate is $3.80/sf and the lease expires on Jan. 31, 2002, according to Heilig-Meyers. The five store locations are in Portland (23,600 sf; Jantzen Beach), Hillsboro (40,000 sf; 6101 SE Tualatin Way), Gresham (30,381 sf; 40 NW Burnside), Tigard (32,000 sf; 1425 SW Pacific Highway) and Salem (40,000 sf; 3540 Commercial St.). The Gresham and Portland leases expire in 2010, while the other store leases don't expire until 2013.

Bids for the properties are due by April 17, and the lease auction date is set for April 26. Additional information including store photos, location maps and lease abstracts will be available at the joint venture's web site, www.heilig-meyersrealestate.com. Bid procedures may be requested from Deb O'Shaughnessy at Trammell Crow at 800-837-2709, and Emilio Amendola at DJM at 877-447-1050.