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A&G Real Estate Partners today announced plans to market 296 Big Lots, Inc. (the "Company") store leases for sale across the United States.

Big Lots, which operates more than 1,300 stores across 48 states, initiated voluntary Chapter 11 proceedings on September 9, 2024, to facilitate a sale of substantially all of the Company's assets and business operations to an affiliate of Nexus Capital Management LP. On September 10, as part of its "first-day hearing," Big Lots received Court authorization to commence a sale process for 144 store leases (the "Initial Leases"). In the coming weeks, Big Lots will seek Court approval of procedures to commence a sale process for 152 additional store leases (the "Additional Leases").

The bid deadline for the auction process regarding the Initial Leases, which range in size from 18,000 to 58,400 square feet, is currently Monday, September 16, at 5:00 p.m. Eastern Time. The bid deadline for the Additional Leases will be announced upon receiving Court approval to commence that sale process.