Daily News: November 5, 2012

GA Keen Realty Advisors Markets Daffy’s Retail Sites


GA Keen Realty Advisors, a division of Great American Group, Inc., is marketing several lease opportunities that offer strategic retail locations in New York City and surrounding areas and boroughs, along with three sites in northeastern New Jersey.

GA Keen Realty Advisors has been retained by Jericho Acquisitions I, LLC and Aurora Capital Associates to market the remaining 11 former Daffy’s high-fashion discount stores as part of a bankruptcy lease auction, according to GA Keen Realty Advisors co-president Harold Bordwin.

“All sites are available at below-market lease rates and are in strategic locations with flagship potential, which make these properties desirable for retailers who want to make inroads into New York City and its adjacent markets,” Bordwin said.

The bid deadline is Friday, Dec. 7 and an auction date is currently set for Wednesday, Dec. 12. All transactions are subject to bankruptcy court approval.

Daffy’s Inc., founded in 1961 and based in Secaucus, NJ, was known for selling national fashion brands at up to 80% off list prices. A victim of a fiercely competitive landscape that had already claimed rivals Syms and Filene’s Basement, the company announced it was going out of business in July.

GA Keen Realty Advisors provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services.