Headlines

Stores for Sale

Bankrupt McCrory is accepting bids for its store leases

Published

22 years ago

December 19, 2001

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McCrory Corp. (York, Pa.), the bankrupt discount retailer already liquidating the assets of its 200 remaining stores, has begun selling its store leases. It has retained DJM Asset Management to conduct a sale of its store leases and fee-owned properties. The stores range in size from 2800 to more than 83,000 square feet.

An auction for the store leases, as well as for McCrory's 380,000-square-foot distribution center in York, will be held on Jan. 16, 2002, in New York. Bids for the leases are due on or before January 9.

In September, the 120-year-old retailer whose chain of discount variety stores once reached 1300 locations, filed for bankruptcy for the second time in 10 years. Last month, it began liquidating its assets. Approximately 193 of the remaining stores operate under the Dollar Zone name, with all items priced at $1 or less. Other locations operate under the McCrory, McCrory Dollar, TG&Y, TG&Y Dollar, GC Murphy and JJ Newberry banners.

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