As part of its bankruptcy proceedings, Neiman Marcus Group could close four of its namesake shops.
A&G Real Estate Partners is marketing leases for the luxury department store retailer. The locations are in Walnut Creek, California; Bellevue, Washington; Palm Beach, Florida; and Washington, D.C.
“With long-term, multiple-option leases, the buildings are situated in prime, high-visibility retail districts or shopping centres,” said Emilio Amendola, Co-President of Melville-based A&G, which provides real estate advisory services.
“These leases represent an incredible opportunity for retailers and investors to gain a foothold in markets that, under normal conditions, are renowned for their traffic and sales—as well as for their high barriers to entry,” Amendola said. “Additionally, some of these locations are particularly promising for conversion to hotel, office or residential use.”
