David’s Bridal is moving forward with plans to sell the leases for hundreds of stores across the U.S., including eight in Greater Philadelphia, less than two months after filing for Chapter 11 bankruptcy protection.
A&G Real Estate Partners, a real estate advisory firm based in Melville, New York, is working with David’s Bridal on the sale of leases for 278 of its stores across the country. The company is accepting private offers for 49 of the leases in June, while the remaining 229 locations will be sold via a bankruptcy auction in July.
*Article courtesy of Philadelphia Business Journal
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