Bed Bath and Beyond bankruptcy: Hundreds of leases set for auction, pending court approval

Bankrupt Bed Bath and Beyond Inc.’s real estate advisor A&G Real Estate Partners plans to auction hundreds of the home goods retailer and buybuy BABY’s leases as part of the company’s Chapter 11.

The... Bankrupt Bed Bath and Beyond Inc.’s real estate advisor A&G Real Estate Partners plans to auction hundreds of the home goods retailer and buybuy BABY’s leases as part of the company’s Chapter 11. The leases are at “well-located shopping centers across the country,” according to an A&G statement. The real estate advisory firm and JLL Commercial Real Estate also plan to market a Bed Bath & Beyond-owned data center in Claremont, North Carolina, as well as leases for warehouses and distribution centers.The Bed Bath & Beyond stores, which are located in 48 states and the District of Columbia, range in size from 18,000 to 92,000 square feet, according to A&G.

Warehouse and data center locations range in size from 189,000 to more than 1 million square feet, according to A&G, and are available in six states: California, Georgia, Pennsylvania, Nevada, New Jersey and Texas.“Several of these well-located facilities boast below-market, fixed-rent leases with one or more renewal options,” Matlat said. “They represent a strong opportunity for users or investors who are eager to capitalize on the existing rent spreads.

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