RCS Real Estate Advisors to Conduct Bankruptcy Auction of Leases for Aéropostale
NEW YORK, NY – October 14, 2016 – Following the successful sale of Aéropostale as a going concern, the process for auctioning over 110 of the retailer’s leases has been launched by New York-based RCS Real Estate Advisors. The announcement was made by RCS Senior Vice President Spence J. Mehl.
“RCS will be marketing the leases of over 110 stores scheduled for closure and will, if necessary, conduct a bankruptcy auction to maximize the potential value for the estate,” according to RCS’s Mr. Mehl. “RCS is currently accepting bids on these leases with an average size of approximately 5,000 square feet mostly in regional malls in 45 states throughout the United States.”