Due to bankruptcy proceedings, Neiman Marcus Group could close four stores in the future.
Neiman Marcus filed for Chapter 11 bankruptcy protection in May. The retailer secured debtor-in-possession financing of $675 million from creditors to enable business continuity throughout the proceedings.
A&G Real Estate Partners is marketing leases for the department store retailer. The locations are in California, Washington, Florida, and Washington, D.C. The Washington location is in Bellevue.
In a press release, Emilio Amendola, co-president of Melville-based A&G, said the buildings are situated in prime, high-visibility retail districts or shopping centers.
“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 in a release. “Additionally, some of these locations are particularly promising for conversion to hotel, office, or residential use.”
The Bellevue Neiman Marcus lease being marketed by A&G expires on Jan. 1, 2040 (options available through Jan. 31, 2030).