×
82 037
Fashion Jobs
ATHLETA
General Manager - Westfarms
Permanent · West Hartford
NEIMAN MARCUS
sr Manager Group Sales Exp
Permanent · King of Prussia
NEIMAN MARCUS
Group Manager, Store Operations - Bergdorf Goodman
Permanent · New York
L'OREAL GROUP
Manager - Global Brand Supply Chain
Permanent · Clark
BLOOMINGDALE'S
Business Manager - Dresses, Coats, Swim & Intimate Apparel
Permanent · New York
BLOOMINGDALE'S
Business Manager - Women's International Collections
Permanent · New York
BLOOMINGDALE'S
Business Manager - Fine Jewelry, Women's Shoes, Handbags
Permanent · Chevy Chase
GAP INC
Coordinator, Asset Protection
Permanent · Fishkill
GAP INC
Manager, Transportation Network Strategy
Permanent · Erlanger
GAP INC
Analyst, Finance
Permanent · Albuquerque
NIKE
Art Director, Global – Concepts, Purpose, Athlete
Permanent · Beaverton
NIKE
Global Marketplace Operations Manager
Permanent · Beaverton
GAP
Senior Manager - Digital Product Creation
Permanent · New York
ESTÉE LAUDER
Retail Beauty Business Lead - Estee Lauder - Full-Time - Burnsville, mn
Permanent · Burnsville
TAPESTRY
Product Manager Data Engineering
Permanent · New York
JOCKEY
Full-Time Associate Manager at Jockey - Eagan, mn - $18/HR
Permanent · Eagan
L'OREAL GROUP
Marketing Manager, Global Campaigns - Maybelline Global
Permanent · New York
L'OREAL GROUP
l'Oreal Assistant Vice President, Luxe D2C Media
Permanent · New York
NORDSTROM INC
Asset Protection - Security Ambassador - Manhattan Mens
Permanent · New York
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Stoughton
ROSS STORES
IT sr. Manager (Identity And Access Management Security)
Permanent · Dublin
ROSS STORES
Store Protection Specialist
Permanent · Aurora
Published
Jan 4, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ten former Bon-Ton locations set to sell at bankruptcy auction

Published
Jan 4, 2019

Ten former Bon-Ton stores are set to be sold off by property management company A&G Realty Partners in a bankruptcy auction on January 28.


The ten former Bon-Ton stores are located in Minnesota, Iowa, Illinois, Indiana, Michigan, and Pennsylvania. - Bon-Ton


The ten stores range from 45,000 square feet to 165,000 square feet, with three properties – found in Coralville, Iowa; St. Cloud, Minnesota and St. Paul, Minnesota – located in the Qualified Opportunity Zones established under the Tax Cut and Jobs Act of 2017 signed into law by President Donald Trump. Through the act, these zones were given a series of tax breaks to encourage business growth in areas determined to be in need of redevelopment. 

“We’re seeing massive interest in these incentives among high-net-worth investors and diverse real estate funds alike,” Emilio Amendola, co-president of A&G Realty Partners, Melville, New York said in a press release. “They offer capital gains tax reductions of as high as 15 percent, and holding for a full 10 years can yield a capital gains tax deduction of 100 percent. On top of that, many Opportunity Zones nationwide are in gentrifying areas with strong growth potential.”

Other locations include two former Bon-Ton stores in Illinois, two in Michigan, single stores in Indiana and Pennsylvania, as well as an additional Iowa store located in Des Moines. 

In addition to Bon-Ton, these locations were formerly operated under the Bergner’s, Herberger’s, Carson’s, Younkers and Elder-Beerman names. 

A&G was enlisted to dispose of seven ground leases, 194 leased locations and 23 fee-owned properties in May of 2018 by Great American Group, Tiger Capital Group, and Bon-Ton's second lien noteholders. At present, 13 of these properties have been sold to storage users, developers, fitness centers and home furnishing retailers, among others. 

The department store chain has since relaunched primarily online, after the Bon-Ton trademarks were bought up by Indiana-based tech company CSC Generation Holdings Inc. for $900,000 in September of 2018. 

Copyright © 2021 FashionNetwork.com All rights reserved.