Bankrupt retailer’s DC up for auction

MELVILLE, New York – A 435,196-square-foot facility, located in Jacksonville, Texas is being auctioned off after its owner, Stage Stores, Inc filed for bankruptcy.

In its capacity as real estate advisor for the company, A&G Real Estate Partners is now accepting bids on the retailer’s distribution centre and two other properties. The Houston-based chain filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in May 2020.

Situated on a 42.51-acre parcel that includes undeveloped land for expansion, the DC was built in 1985 and has undergone multiple rounds of modernization to accommodate brick-and-mortar and e-commerce fulfillment.

The single-level, climate-controlled building includes a mezzanine, 32 dock doors, and clear heights ranging from 32 feet to 38 feet. The site provides approximately 150 trailer spaces excluding the overflow area and 350 employee parking spaces.

Located on the future I-69 route and off the I-20 corridor, Jacksonville draws from a skilled, working-age population of 130,000 within a one-hour drive.

“The Jacksonville building is being offered on a turnkey basis but can also be repurposed to meet a buyer’s specific requirements,” said Mike Matlat, senior managing director at Melville, N.Y.-based A&G.

It comes equipped with a high-speed pouch sortation system that is ideal for SKU-level order fulfillment, a hang sorter and a tilt sorter–both configured to handle over 500 drop locations, along with high-speed conveyors, extensive material handling equipment, and high-bay racking.

The building supplied as many as 540 stores and processed 64 million merchandise units in 2019, representing a blend of apparel, shoes, home, and beauty products. The pouch sortation system handled upwards of 80,000 units each day during holiday peak.

A&G is also offering two other properties owned by Stage Stores: an income producing industrial RTV (return to vendor) center in Jacksonville and a retail site in Logan, West Virginia.