Seven former bon-ton stores are up for auction

by Brian Lipton

Real estate advisory and brokerage firm A&G Realty Partners will auction seven department store properties formerly owned by The Bon-Ton Stores, Inc., on September 20 in Chicago. All bids for the auction, which centers on fee-owned properties in six states, are due September 18.

The stores, which range in size from 46,000 to 150,000 square feet, are the Carson’s at Spring Hill Mall in West Dundee, Illinois (128,000 square feet); the downtown Elder-Beerman at Richmond, Indiana (100,000 square feet); the Younkers at RiverTown Crossings in Grandville, Michigan (150,018 square feet); the Bon-Ton at Lockport Mall in New York (82,000 square feet); the Elder-Beerman at Colony Square Mall in Zanesville, Ohio (58,997 square feet); and the Bon-Ton at Lewistown Mall in Pennsylvania (46,660 square feet).

“This auction presents an exceptional opportunity for buyers to advance their real estate strategies with well located, high-visibility big-box sites that can work for single-users or be subdivided,” said Michael Jerbich, a Chicago-based principal at A&G.