MELVILLE, N.Y., March 21, 2017 /PRNewswire/ -- A&G Realty Partners, the commercial real estate, advisory and investment group, will handle the sale of 58 MC Sports leases in seven states across the Midwest following the retailer's Chapter 11 bankruptcy filing.
"MC Sports has great locations in smaller markets in the Midwest where prime retail sites are limited," said Michael Jerbich, Principal at A&G Realty Partners. "The Chapter 11 process is very quick, so this is a great opportunity for retailers to expand their portfolios and overcome difficult barriers to entry in these markets."
Bids are due no later than the close of business on Fri., April 7, Jerbich noted.
The 58 MC Sports locations—in Iowa, Illinois, Indiana, Michigan, Missouri, Ohio and Wisconsin—range in size from 11,000 to 46,000 square feet. For a full listing of available leases, visit www.agrealtypartners.com.
For more information regarding the real estate and sales process, contact Jerbich at (312) 454-2057 or firstname.lastname@example.org.
Known for its inventories of top-name sporting goods and apparel brands, MC Sports filed for Chapter 11 bankruptcy protection on Feb. 14 in the U.S. Bankruptcy Court, Western District of Michigan, Grand Rapids (Case No. 17-00612-jtg). A joint venture between Tiger Capital Group and Great American Group is currently conducting the going-out-of-business sale.
MC Sports was launched as Michigan Clothiers in 1946 and offered everything from men's clothing to military surplus. The retailer changed its name to MC Sports in 1962 to reflect a growing focus on sports equipment, footwear, and apparel. It is well known across the region for its brand-name merchandise and strong community involvement.
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SOURCE A&G Realty Partners