Other names on the list of bidders include Ashley Furniture, Shoe Station, Food Bazaar and Fit Factory.
Property Investment Trusts Federal Realty and Urstadt Biddle are both offering in the same Toys R Us store in Emeryville, California.
More than 10 private real estate companies and corporations also hope to own some of Toys R Us real estate. Many of the companies listed, such as the Red Mountain Group, are known for acquiring and renovating distressed retail properties.
The auction of these properties will take place on Thursday, according to court documents filed in Virginia. Then the debtors of Toys R Us have until 1
While only a handful of Toys R Us & # 39; s about 800 US stores are auctioned, the bidders considered are looking at what consumers can expect
CNBC had reported the difficult situation in many real estate owners would be, as the businesses of Toys R Us and Babies R Us are getting dark, with few retailers still increasing their physical footprints today. There are few logical substitutes for such large stores in the market.
It has been reported that Amazon is considering buying some of the Toys R Us stores. A representative of Toys R Us declined to comment.
Nevertheless, Toys R Us has hundreds of shops looking for a new life after the company was liquidated.
Isaac Larian, founder of Toymaker MGA Entertainment, and other investors have pledged a total of $ 200 million with the goal of generating more crowdfunding to save 400 stores. It is still unclear whether his efforts will be successful.