Business & Tech
Party City Set To Auction Shrewsbury Location, Among Others
The 40-year-old celebration retailer will auction 695 store leases, including its location in Shrewsbury.
SHREWSBURY, MA - Following its December announcement that all stores will close and its second bankruptcy filing in two years, Party City is set to auction off its retail locations.
In a statement released by A&G Real Estate Partners, Party City's real estate advisor, the reported bid deadline and auction is set to happen in early February.
"This is a large and diverse store portfolio, with good real estate and a great many stores located in high-traffic shopping centers," said Emilio Amendola, the president of A&G.
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Once such location is in Shrewsbury. At 100 Boston Turnpike, Party City sits in a shopping center accompanied by fast food, grocery stores, restaurants and retail shops. The location should be desirable to incoming developers.
To read the full statement from A&G visit this link here.
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