HUDSON, Ohio – GA Group, a leading asset disposition, valuation, and appraisal firm, and A&G Real Estate Partners, a national real estate advisory firm, announced plans to auction 790 retail store leases and five distribution centers as part of the wind-down of JOANN, Inc., following the retailer’s Chapter 11 bankruptcy filing on January 15, 2025.
The bid deadline for JOANN’s store leases and properties is April 16, 2025, with the auction scheduled for April 22, 2025, in New York.
Prime Real Estate Opportunities Nationwide
The available leases span 49 states and include a variety of property types, such as:
- Freestanding stores, power centers, strip malls, and urban retail spaces
- Sizes ranging from 7,500 to 52,000 square feet
- Turnkey retail spaces in high-traffic locations
No fee-owned properties will be included in the auction.
Michael Jerbich of GA Group emphasized the real estate value in this auction:
“This diverse portfolio offers strong real estate fundamentals, prime high-traffic locations, and turnkey spaces ready for immediate occupancy. It’s a prime opportunity for business owners and investors looking to expand their footprint.”
Emilio Amendola, Co-President of A&G Real Estate Partners, added:
“The auction of JOANN’s store leases presents a unique chance to transform well-located retail spaces into thriving businesses. From specialty retail and fitness centers to healthcare clinics and entertainment venues, these properties offer limitless potential. For small business owners and startups, this is a chance to secure prime locations at competitive rates and drive local economic growth.”
Additional Opportunities
- Most JOANN stores will remain open for going-out-of-business sales through May 2025, or until inventory sells out.
- Furniture, fixtures, and equipment will also be available for purchase.
- The retailer’s intellectual property is included in the asset sale process.
GA Group was selected as the exclusive agent to monetize substantially all of JOANN’s assets, following a U.S. Bankruptcy Court order from the District of Delaware on February 26, 2025.
For more information on available leases and properties, visit GA Group’s website.
