GA Group and A&G Real Estate to Auction JOANN's Retail Store Leases and Distribution Centers

790 Store Leases and Five Distribution Centers Across 49 States Set for Auction

HUDSON, Ohio, March 13, 2025 /PRNewswire/ -- GA Group, a leading asset disposition, valuation, appraisal, and real estate services firm, and A&G Real Estate Partners, a national real estate advisory firm specializing in lease optimization and real estate sales, announced plans to auction 790 retail store leases and five distribution centers in conjunction with the wind down of operations of fabric and crafts retailer, JOANN, Inc. following its filing for Chapter 11 bankruptcy on January 15, 2025.

The bid deadline for JOANN store leases and properties is April 16, 2025 and the auction is expected to take place in New York on April 22, 2025.

The available leases cover a range of property types across 49 states, including freestanding stores, power centers, strip malls, and urban retail corridors, ranging from 7,500 to 52,000 square feet. No fee-owned properties are available in the auction.

"This diverse portfolio offers strong real estate fundamentals, prime high-traffic locations, and turnkey spaces ready for immediate occupancy," said Michael Jerbich of GA Group. "This auction offers business owners and investors a prime opportunity to expand their footprint and strengthen their local presence."

"The auction of JOANN's store leases presents a unique chance to transform well-located retail spaces into thriving businesses," said Emilio Amendola, Co-President of A&G. "From specialty retail and fitness centers to healthcare clinics and entertainment venues, these properties offer limitless potential. For small business owners and startups, this is an opportunity to lock in prime locations at competitive rates—helping them grow, innovate, and revitalize local economies."

GA Group was recognized as the successful bidder to serve as exclusive agent to monetize substantially all JOANN's assets pursuant to an order entered by the U.S. Bankruptcy Court for the District of Delaware on February 26, 2025.

Most JOANN stores will stay open for going-out-of-business sales through May 2025, or until supplies run out. Furniture, fixtures, and equipment are also available for purchase. The retailer's intellectual property will also be sold as part of this process.

For more information on the individual leases and properties available, visit GA Group's website here.

For additional details regarding bidding procedures and remaining lease terms for specific locations, contact:

About A&G Real Estate Partners
Established in 2012 by founders Emilio Amendola and Andrew Graiser, A&G is a team of relationship builders, strategic negotiators, and brand protectors dedicated to achieving maximum value for all clients. We are proud to manage the entire commercial real estate spectrum, including property assets undergoing acquisition, auction, retail, office, and industrial transactions. Our goal is to exceed client expectations by maximizing their value, minimizing their loss, and protecting their brand heritage. For more information, visit www.agrep.com

About GA Group
GA Group is a privately held, global firm offering a comprehensive set of tailored solutions to meet our clients' diverse needs. Our experts value, monetize, lend against, or acquire assets across a broad range of sectors from both healthy and distressed companies. GA Group and its predecessors are celebrating 50 years of customer service, and the company's leadership has over 100 years of collective experience in the industry. GA Group is majority-owned by funds managed by Oaktree Capital Management, L.P.

Advisory | Retail | Wholesale & Industrial | Real Estate.
More information can be found at: http://www.gagroup.com

Media Contact:
Jo Anne McCusker on behalf of GA Group
[email protected]
+1 (917) 740-9499

SOURCE GA Group