Leases for 327 Movie Gallery and Hollywood Entertainment stores w...
Leases for 327 Movie Gallery and Hollywood Entertainment stores will go to auction March 7, said Keen Consultants, which will handle the sale, if a bankruptcy judge approves it. Movie Gallery, which operates more than 3,000 stores, filed for…
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bankruptcy in October. March 4 is the bid deadline for leases in 44 states, Keen said. The stores vary from an 11,720-square-foot location in Sacramento, Calif., with a lease that runs to 2010, to a 2,173-square-foot outlet in Richmond, Va., according to a listing of the available stores on Keen’s Web site. Thirty- two leases are in Florida, 28 in Texas. There are single stores in Idaho, Kansas, Nebraska and North Dakota. Some leases expire this year, but others run to 2016. Movie Gallery has moved to close more than 400 stores since filing for bankruptcy. The chain also announced plans to shut 520 outlets in late September. Six plots of land in Dothan, Ala., where Movie Gallery is based, are being sold, too.