Search
 

DJM Asset Management to Market 77 Drug Stores

MINNETONKA, MN-A management firm has been brought onboard to market the 77 Drug Emporium locations around the country. The chain closed under Chapter 11 bankruptcy last month.

By Dan Heaton | Updated on October 02, 2003

MINNETONKA, MN-DJM Asset Management LLC has been retained as real estate advisor to dispose of leases in the Drug Emporium bankruptcy case. The move comes after Drug Emporium, F& M and VIX stores filed for Chapter 11 bankruptcy protection on Sept. 12.

DJM will market approximately 77 retail leases in nine states with most of the stores being available by November 1, 2003 or earlier. Drug Emporium had bought out Michigan’s F&M stores several years ago, and in 2001 Drug Emporium itself was bought out of bankruptcy by the Katz Group, but couldn’t make a go of it.

“The locations that we are marketing include properties of between 7,975 sf to 41,278 sf in both freestanding and strip center locations,” said Emilio Amendola, Principal of DJM. “Due to the fast nature of this bankruptcy case, all offers will be due no later than October 21, 2003.”

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.