Gordon Brothers, a global advisory and investment firm, will sell retail leases and operate going-out-of-business sales at all 39 retail store locations of Esco, operating as Shoe City, throughout Maryland, Virginia and Washington, D.C.
After 70 years in business, Shoe City filed for Chapter 11 reorganization on March 31, and the bankruptcy court authorized going-out-of-business sales.
The stores range in size from 2,000 to 9,900 square feet and include street front, regional mall and strip center sites.
“These leases offer a fantastic opportunity for retailers looking to expand their footprint,” James Avallone, senior managing director, real estate at Gordon Brothers, said. “The stores offer high-traffic locations with attractive co-tenancy and favorable lease terms with options.”
