Gordon Brothers is selling the leases of Big Lots stores nationwide, including 11 locations in Georgia.
Big Lots sold 200 to 400 stores to investment firm Gordon Brother Retail Partners LLC, allowing some locations to possibly remain open, however, it is also a sign that they could close.
"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, Gordon Brothers' co-head of North America real estate services, in a press release. "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 states with the most locations being sold include Texas, New York, and Florida. Texas is selling 72, New York is selling 49, and Florida is selling 44.
All individual or multiple purchase offers are due no later than Friday, Jan. 24.
After filing for Chapter 11 bankruptcy protection last year, Big Lots closed store locations across the country, including several in Georgia.
Vanessa Countryman is the Trending Topics Reporter for the the Deep South Connect Team Georgia. Email her at Vcountryman@gannett.com.