Glaser Weil real estate partner Jason Grinnell was interviewed by Law360’s Real Estate Authority in a piece titled “Buy Buy Baby To Sell Sell, Maybe” regarding the reported sale of Bed Bath & Beyond’s Buy Buy Baby stores to Sycamore Partners.
Grinnell commented on the “song and dance” of deciding whether to sell a key asset in order to avoid bankruptcy when that asset itself is one of the remaining lifelines keeping the company afloat. He spoke about restructuring considerations, the importance of buyers like Sycamore having specific experience in the distressed asset space and how this is not a new dynamic for retailers. “In a world of Amazon and e-commerce, stand-alone retailers with an overly aggressive expansion are going to face increasing challenges.”
Grinnell handles acquisitions, dispositions and leasing across multiple asset classes, with particularly deep experience in retail leasing, representing global technology and video game clients in office and studio leases. He also has strong ties to Southern California private equity and family office firms and assists these clients with their real estate needs.
To read the full article, click here (subscription required).