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A&G Handling Sale of RadioShack Leases

MELVILLE, NY—With store-closing sales already in progress at nearly 1,800 US locations, disposing of the leases is expected to happen quickly, A&G's Andy Graiser tells GlobeSt.com.

By Paul Bubny | Updated on February 09, 2015

MELVILLE, NY—A&G Realty Partners said Monday it has been retained by RadioShack Corp. to manage the sale of store leases and warehouses. It’s the latest development in a store-closing process that was fast-tracked Friday by the US Bankruptcy Court judge presiding over Fort Worth-based RadioShack’s Chapter 11 filing, who granted an interim order in advance of a Feb. 20 final hearing on the closings.

Nearly 1,800 of the consumer electronics chain’s stores across 49 states, the District of Columbia and Puerto Rico have been slated to go dark, according to a list posted to the website of Hilco Global. A joint venture of Hilco Merchant Resources, Gordon Brothers Group and Tiger Capital Group got the go-ahead on Friday from Judge Brendan L. Shannon at US Bankruptcy Court in Delaware to commence store-closing sales, which began immediately. A&G’s task will be to sell the real estate, and co-president Andy Graiser tells GlobeSt.com the sales are expected to go quickly.

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