In all, DJM will be marketing 598 properties totaling 27 million square feet of space on behalf of Circuit City, which filed for bankruptcy last November and began liquidating last month after failing to line up a buyer. That includes 578 retail leases ranging from 16,844 square feet to 82,555 square feet in 45 states and Puerto Rico, along with 17 office and warehouse leases and three fee-owned properties. The DJM assignment is subject to bankruptcy court approval.

In a release, DJM co-presidents Andy Graiser and Emilio Amendola note that the electronics retailer's real estate "has begun to create interest among national and regional retailers and supermarkets. There are great opportunities for schools and other non-retail uses. Several buildings are free-standing which offer opportunities for multiple uses."

Graiser and Amendola note that several of the surplus properties are located in markets that are very difficult to enter, including Northern and Southern California and the cities and metro areas of New York City, Chicago, Dallas and Houston. The DJM spokeswoman says she cannot comment on the total value of the Circuit City portfolio.