DJM Real Estate, a division of Gordon Brothers Group, has been retained by RadioShack Corporation to exclusively manage the disposition of seven owned industrial properties. These properties are located in Texas, California, Iowa and North Carolina, and are available for immediate sale.  The properties can be purchased individually or in any combination, subject to US Bankruptcy Court approval.

The properties include three major distribution centers in Ft. Worth, TX and Woodland, CA; individually ranging in size from 324,475 sq. ft. to 639,000 sq. ft.; and four properties located in Ft. Worth, TX, W. Burlington, IA and Swannanoa, NC; individually ranging in size from 100,827 sq. ft. to 151,000 sq. ft.  All properties will be delivered vacant.

“This portfolio of RadioShack’s distribution centers and warehouses has drawn a lot of attention already. We have received strong expressions of interest from national players as well as regional and local investors. We have been speaking to some potential owner occupier replacement tenants as well. It is likely that the properties will be sold off individually to buyers but we are also in discussions with bulk portfolio purchasers. We anticipate a series of successful auctions for the sale of these properties, most likely through the ‘stalking horse’ process,” said Mark Dufton, CEO of DJM Real Estate.

DJM Real Estate, a division of Gordon Brothers Group, specializes in occupancy savings, real estate dispositions, growth strategies, strategic reviews, auditing, advisory and equity investments.  Founded in 1992 and headquartered in New York, the firm has serviced the nation’s most recognizable brands in healthy and distressed situations; including Toys R Us, Pep Boys, Yum! Brands, Food Lion, CompUSA, Office Depot, CVS, Dollar Tree and Winn-Dixie. DJM Real Estate is a leader in finding innovative ways to consolidate and reconfigure real estate to achieve the highest possible value.