Toys ‘R’ Us is quickly trying to sell off their inventory as the company is winding down to its last days as a company. Moreover, several Toys ‘R’ Us stores are scheduled to be auctioned off this week. Learn more about the companies that are looking forward to owning those Toys ‘R’ Us locations that will soon be empty.
To begin with, there are currently 58 “qualified bids” that are being considered by Target and Aldi. Big Lots is currently bidding on five stores which are located in Fresno, California; Exton, Pennsylvania; Durham, North Carolina; Woodbridge, Virginia, and Indianapolis. The furniture chain Raymour and Flanigan are looking to bid on three stores which two are located in New Jersey and one in New York. Golf & Tennis Pro Shop, which owns PGA Tour Superstore will bid on the same Indianapolis store as Big Lots, along with a store in Vernon Hills, Illinois. Some other big-name retailers are Ashley’s furniture, Shoe Station, Food Bazaar, and Fit Factory.
In total there are approximately 800 U.S. stores that are on their way to be auctioned, and the bidders are being considered to offer a glimpse of what consumers can expect to move into town over time. CNBC had reported on the tough situation that many real estate owners would be in as the Toys ‘R’ Us and Babies ‘R’ Us stores shut down, where few retailers are still growing their physical footprints today. It has also been reported that Amazon has considered buying some of the Toys ‘R’ Us store locations, but many locations will remain searching for a new life after the companies liquidations.
Furthermore, there are more than 10 privately owned real estate firms and equity groups that are hoping to own some of Toys ‘R’ Us real estate. Many of the businesses listed are known for acquiring distressed retail assets and renovating them like Red Mountain Group. The auctions for these properties will take place on Thursday and the Toys ‘R’ Us debtors have until April 12 to approve any final sales.
Here is a list of some of the businesses looking to acquire some of Toys ‘R’ Us real estate:
Aldi, 8715, Kendall, FL
Amerco Real Estate Co., 6026, Highland Park, IL
Ashley Furniture, 5655, Monrovia, CA
AVG Partners, 5653, National City, CA
Bird & 87th Ave Village, LLC, 8715, Kendall, FL
Benderson, 6554, Emeryville, CA
Big Lots, 5802, Fresno, CA
Blue Water Capital, 6026, Highland Park, IL
BRFI LLC, 6026, Highland Park, IL
Farmers Fresh Market Place, 6544, Chicago, IL
Federal Realty, 6554, Emeryville, CA
Festival Development Corp, 5672, Brea, CA
FoodBazaar, 6390, Flushing, NY
Golf & Tennis Pro Shop Inc., 9243, Indianapolis, IN
HP Retail Division Capital LLC, 6026, Highland Park, IL
Huntington Oaks Delaware Partners LLC, 5655, Monrovia, CA
Macro Store LLC, 6510, Aventura, FL
NSC Wholesale Holdings LLC, 6306, Paramus, NJ
Pacifica Companies LLC. 6026, Highland Park, IL
Raymour and Flanigan, 6306, Paramus, NJ
Red Mountain Group, 6554, Emeryville, CA
RFS Investments, 6554, Emeryville, CA
Ryan Gadles (Fit Factory), 7535, Bellingham, MA
Sage Inestco Deux LLC, 6554, Emeryville, CA