Cassidy Turley Aids Genworth in Sale

Having obtained Cord Camera Centers Inc. properties in Ohio through receivership last summer, Genworth Financial has placed the assets on the market for lease or sale. Cassidy Turley is marketing the retailer’s four stores, along with its former headquarters and warehouse at 2030 Dividend Dr. in Columbus, OH.

The offering represents an uptick in distress-related deals up for sale in the area, where a growing number of retail, apartment and office assets have fallen into trouble. “In the past three to four months there’s definitely been an increase in defaulted and bankrupt properties,” says Kevin James, a vice president at Cassidy Turley, who is representing Genworth along with Micha Bitton, Kevin McGrath, Mike Hurd and Rick Trott. “Most people thought it was going to start last year, but it’s really starting in the first quarter of this year.”