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DJM To Market Circuit City Leases

MELVILLE, NY-The locally based consulting firm is marketing 578 retail leases and 13 fee-owned properties on behalf of the bankrupt electronics chain.

By Paul Bubny | Updated on February 03, 2009

MELVILLE, NY-DJM Realty has been tapped to market the leases on all remaining Circuit City stores and other real estate in the US. The locally based consulting firm has set a due date of March 12 for bids on the bankrupt electronics retailer’s real estate, a spokeswoman tells GlobeSt.com.

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.

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