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Former Mervyns and Albertsons Stores Set for Auction

Albertsons and Mervyns and affiliates that have formed an investment group said the group hired Keen Consultants to auction off 45 "surplus" retail properties.

NEW YORK — Albertsons LLC and Mervyns LLC and affiliates that have formed an investment group said the group hired Keen Consultants to auction off 45 “surplus” retail properties. Keen is the retail division of KPMG Corporate Finance.

The sites include former Albertsons, Mervyns and Cub Food stores located in Arizona, California, Colorado, Florida, Illinois, Louisiana, Michigan, New Mexico, Oklahoma, Pennsylvania and Texas.

“We are offering the portfolio in two project phases,” said Mike Matlat, director of KPMG Corporate Finance. “The first group of properties consists of 33 below market retail leaseholds and valuable fee-owned sites with a bid deadline of Feb. 4, 2008 and two auction dates set for Feb. 12, 2008 and Feb. 13, 2008. The second group contains 12 quality retail leaseholds with a letter of intent deadline scheduled for Dec. 10, 2007.”

Some of the sites include furniture, fixtures and other equipment.