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Discounter Retains DJM to Dispose of 355 Leases

NEW YORK CITY-Discount chain Bill's Dollar Stores hires the Long Island-based asset management firm to handle the mitigation of 15 leases and the restructuring of another 340.

By Glen Thompson | Updated on October 02, 2002

NEW YORK CITY-Long Island-based DJM Asset management LLC has been retained by discount chain Bonus Stores Inc. to handle the disposition of 355 of its Bill’s Dollar Stores leases spanning 13 states. DJM will advise the Columbia, MS discount chain on the mitigation of 15 leases and the restructuring of 340 others.

“The locations that we are marketing include established strip centers and free-standing buildings of between 8,000 sf to 12,000 sf,” says Emilio Amendola, principal of DJM. “The leases available include properties in Alabama, Georgia, South Carolina and Tennessee.”

Bonus Stores, a subsidiary of the Reykjavik, Iceland-based Baugur Group, is the merged company of Bill’s Dollar Stores, Bonus Dollar Stores and Bonus Supercenter discount chains.

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