WEST VIRGINIA (LOOTPRESS) – Gordon Brothers, a global asset management firm, has announced the sale of Big Lots store leases nationwide, including two locations in West Virginia.
The available leases include the Moundsville store at 1230 Lafayette Avenue and the Vienna store at 113 Grand Central Avenue.
Big Lots is being partially saved through a deal with Gordon Brothers Retail Partners and Variety Wholesalers, Inc., which will keep between 200 and 400 stores open.
However, it looks like the Moundsville and Vienna locations in West Virginia will not be among those saved, as their leases are being sold rather than retained under the agreement.
The move is part of a broader sale of Big Lots leases in shopping centers across 47 states. The stores range in size from approximately 19,000 to 55,000 square feet.
All offers for these properties must be submitted by January 24.
“This is a fantastic opportunity for expansion-minded retailers to grow their footprint by acquiring well-located stores with long-term, below-market rents,” said Michael Burden, Co-Head of North America Real Estate Services at Gordon Brothers.
“These spaces offer a seamless path to enhance their presence and serve new communities, making it an ideal time to capitalize on prime retail real estate.”
The leases are being marketed as an opportunity for businesses looking to expand into established retail spaces.
For additional information about the leases, visit info.gordonbrothers.com/biglotsrealestate.
