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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.