February 12, 2025
Hilco JCP, an affiliate of Hilco Real Estate and Manager of Copper Property CTL Pass Through Trust, has placed 121 net-leased J.C. Penney properties on the market. They are located across 35 states and represent over 16 million square feet. The Trust was established to acquire 160 retail properties and six warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization. The majority of the properties for sale are strategically located in major metro areas surrounding cities such as Austin, Miami, Houston, Los Angeles, and New York, of which half are located in the Sunbelt region. A call for offers date has been set for February 26.
The below map shows where the 121 properties for sale are located.
Bargain Hunt, which filed Chapter 11 on February 3, received authorization to close all 92 stores via an agreement with Hilco Merchant Resources. Store closing sales began on January 30 and will continue through the Chapter 11 case.
Big Lots identified 200 store leases that they designated for assumption and assignment to Variety Wholesalers.
As background, Big Lots closed a deal last month with Gordon Brothers under which 200 to 400 Big Lots stores could continue as a going concern in exchange for a credit bid.
Variety plans to operate these stores under the Big Lots brand.
Southeastern Grocers / Aldi / C&S Wholesale Grocers
Aldi has sold 170 Winn-Dixie and Harveys Supermarket, and a similar number of liquor stores, to a consortium of private investors, spearheaded by the current CEO and President of Southeastern Grocers Inc. (SEG), Anthony Hucker, and C&S Wholesale Grocers. The agreement includes the acquisition of 170 grocery stores operating under the Winn-Dixie and Harveys Supermarket banners and about 170 existing Winn-Dixie liquor stores.
ALDI remains committed to its previously stated conversion plans for 220 Winn-Dixie and Harveys Supermarket. Stores will be converted to the ALDI format over a multi-year conversion process that began in March 2024, with completion slated for 2027. Approximately 100 converted locations will be re-opening by the end of 2025. SEG will continue to operate the remaining stores identified for conversion in the normal course of business up to and until each respective store is closed for conversion.
The below map shows where Winn-Dixie and Harveys locations are located.
Party City announced the successful bidders for 251 store leases, as reflected in the following summary.
| Successful Bidder | Store Locations |
| Dollar Tree | 148 |
| Five Below | 44 |
| Landlords | 16 |
| Cavender's | 15 |
| Rack Room | 9 |
| Books A Million | 5 |
| Barnes & Noble | 4 |
| La-Z-Boy | 4 |
| Zurcher Mdse Co | 4 |
| Burlington | 2 |
The information contained in this newsletter is compiled from sources which RetailStat, LLC (“RetailStat”), does not control and unless indicated is not verified. Its contents are not to be divulged. RetailStat, its principals, and writers do not guarantee the accuracy, completeness or timeliness of the information provided nor do they assume responsibility for failure to report any matter omitted or withheld because of their negligence.
