Lack’s retains DJM Realty to dispose of all retail and warehouse locations
Victoria, Texas -- Lack Properties and Lack’s Stores said Thursday it has hired Melville, N.Y.-based DJM Realty, a Gordon Bros. Group company, to manage the disposition of all leased and owned retailer and warehouse facilities throughout Texas.
Lack’s is an independently owned retail home furnishings chain operating as Lack’s and Lacks Home Furnishings.
DJM Realty will be marketing 35 retail locations which range from 16,000 sq. ft. to 70,000 sq. ft., as well as four warehouse facilities, which includes a 380,000-sq.-ft. distribution center in Schertz, Texas.
Lack’s Stores, which recently filed for Chapter 11, is currently liquidating its inventory through its stores until closing sales are complete. The retention of DJM is subject to the approval of the U.S. Bankruptcy Court overseeing the Chapter 11 proceeding in Victoria, Texas.