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Real estate industry

Storehouse, Inc. Retains Keen Realty to Dispose of Retail Leasehold Interests

Strategic Insights

— 1 min read

Storehouse, Inc., a national furniture retailer operating 68 retail sites nationwide, has retained Keen Realty, LLC to assist with the disposition of its retail leasehold interests. The company filed for Chapter 11 protection on September 18, 2006, and has retained Keen Realty to market and assist with the sale of its leasehold interests in 19 states. Keen Realty is a real estate consulting firm with extensive experience in identifying strategic investors and partners for businesses.

Key Takeaways:

  • Storehouse, Inc. operates 68 retail sites throughout the country and has filed for Chapter 11 protection on September 18, 2006.
  • Keen Realty, LLC has been retained to market and assist with the disposition of the company's retail leasehold interests in 19 states.
  • The leasehold interests are located in premier centers and locations throughout the country, including major markets such as Washington D.C., Atlanta, Dallas, and Philadelphia.
  • The locations range in size from approximately 4,800 sq. ft. - 16,750 sq. ft.
  • Three warehouse leases and one office-headquarters lease are also available for sale.
  • Keen Realty, LLC has extensive experience in evaluating and selling real estate, leases, and businesses, with a total of 18,400 properties disposed of nationwide, totaling 1,723,300,000 sq. ft.

Statistics:

  • Storehouse, Inc. operates 68 retail sites nationwide.
  • The company has filed for Chapter 11 protection on September 18, 2006.
  • Keen Realty, LLC has disposed of 18,400 properties nationwide, totaling 1,723,300,000 sq. ft.
  • The leasehold interests for sale range in size from approximately 4,800 sq. ft. - 16,750 sq. ft.

Sources:

  • "Bid Deadline: November 13, 2006 Auction Date: November 14, 2006"
  • "Storehouse, Inc. has retained Keen Realty, LLC, subject to Bankruptcy Court approval, to market and assist with the disposition of the company's retail leasehold interests located in AL, DC, DE, FL (7), GA (8), LA, MD (9), MI, NC (5), NJ (5), OK, PA (3), SC, TN (3), TX (12), and VA (9)."
  • "The company filed for Chapter 11 protection on September 18, 2006 in the United States Bankruptcy Court for the Eastern District of Virginia."
  • "Keen Realty, LLC is a real estate consulting firm specializing in maximizing the value of its clients' real estate assets nationwide."

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