Hilco Real Estate Arranges $168 Million Sale Of 99 Cents Only Stores Portfolio In Arizona And California

The transaction involved the sale of 99 Cents Only Stores' real estate portfolio, which features a total of 44 properties and 333 leases across the markets of Arizona, California, Nevada, and Texas. The sale was conducted at a price of $168,000,000 as part of the retailer's Chapter 11 bankruptcy proceedings.

Summary of transaction details:

• Property Type: Retail - 99 Cents Portfolio
• Transaction Amount: $168,000,000
• Number of Properties: 44
• Number of Leases: 333
• Development Parcels: 3
• Market: Arizona & California, Nevada & Texas

Joel Schneider of Hilco Real Estate acted as the broker for the transaction, while Hilco Consumer — Retail oversaw the liquidation sales. This process helped recover $240 million to prepare the assets for their subsequent sale.