Modell's Sporting Goods. Credit: Flickr.

NEW YORK CITY- Modell's Sporting Goods has 137 leases up for grabs as the retailer has just recently filed for Chapter 11 bankruptcy and liquidation and has tapped A&G Real Estate Partners to begin marketing them. The store leases are in nine Northeastern and Mid-Atlantic states and the District of Columbia. The 111-year-old retailer has made its leases available online for auction at Agrep.com, for which a deadline has not been set and will be announced at a later date. 

"This iconic brand had an extraordinary real estate strategy, with the family-owned business assembling one of the strongest portfolios of top retail locations in New York City's five boroughs—an area with significant barriers to entry," said A&G Co-President Emilio Amendola in a prepared statement. "Similarly, the vast majority of Modell's sites on Long Island and in New Jersey, Pennsylvania, New England and the Mid-Atlantic are 'A' locations with very advantageous rent structures. Opportunities like this come around once every 10 years."

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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.