Home / Knowledge / News / Apparel/Garments / GA Keen selected to market former Metropark sites
GA Keen selected to market former Metropark sites
17
May '11
GA Keen Realty Advisors, a division of Great American Group L.L.C., a leading provider of asset disposition, valuation and appraisal services, has been retained to assist in the marketing and disposition of 70 leased properties across 21 states operated by Metropark – a high-end clothing company that filed for bankruptcy earlier this month.

“Metropark has locations in some of the best malls and centers in the country, with great locations within those malls with build-outs that are first class,” said Matthew Bordwin, Co-President of GA Keen Realty Advisors. “This represents a great opportunity for another retailer to move right in with little up-front costs on build-out. Also, retailers have a unique chance to get “A” space in multiple locations at the same time.”

Bordwin adds that it's imperative that any interested parties should move quickly, since the bid deadline has been set for Wednesday, May 25 – with the auction set for May 26.

GA Keen Realty Advisors specializes in the sale of real estate and enterprises, lease renegotiations and restructurings and strategic planning and valuation services for retailers as well as other property owners, tenants and investors. It also provides real estate investment banking, debt restructuring and receivership and other fiduciary services.

Metropark's retail properties, which range in size from 2,000 square feet to 3,500 square feet, are located throughout the country. The majority are concentrated in the Western United States (California, Arizona, Colorado, Nevada and Texas) and the East Coast (New York, New Jersey, Pennsylvania, Georgia and Florida).

A Los Angeles-based retailer of premium denim, other clothing and accessories, Metropark filed for Chapter 11 bankruptcy protection on May 2. It opened its first store in 2004. The stores, which targeted 25- to 35-year-old customers, provided style consultants, and hosted in-store events such as live-art installations, fashion shows and DJ performances.

Great American Group

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search