Gordon Brothers will sell retail leases and operate going-out-of-business sales at all 39 retail store locations of Esco Ltd., operating as Shoe City, throughout Maryland, Virginia and Washington, D.C.
 
After 70 years in business, Shoe City filed for Chapter 11 reorganization on March 31, and the bankruptcy court authorized going-out-of-business sales.
 
The stores range in size from 2,000 to 9,900 square feet and include street front, regional mall and strip center sites.
 
“These leases offer a fantastic opportunity for retailers looking to expand their footprint,” said James Avallone, Senior Managing Director, Real Estate at Gordon Brothers. “The stores offer high-traffic locations with attractive co-tenancy and favorable lease terms with options.”
 
Beginning today, storewide price reductions go into effect at all store locations with up to 30% off original prices on the entire stock of athletic footwear and apparel, including new arrivals and highly sought-after brands. Additionally, store fixtures are available for purchase throughout the going-out-of-business sales.
 
“We encourage consumers to shop early to take advantage of the best selection of great products and savings while supplies last,” said Durien Sanchez, Managing Director, Retail at Gordon Brothers.
 
For additional details, including lease sale deadlines and lease terms for individual locations, contact James Avallone at javallone@gordonbrothers.com or Sharon Haggard at shaggard@gordonbrothers.com.