Saks Global Offloads 1.7M Sq. Ft. of Retail Space Across 59 Locations

Event summary

  • A&G Real Estate Partners is marketing 59 Saks OFF 5TH and Last Call store leases totaling 1.7 million square feet across 19 states.
  • The properties average 28,000 square feet each and are located in high-traffic retail destinations.
  • Saks Global Enterprises LLC is divesting these assets to focus on luxury retail and full-price selling.
  • Bid deadline and auction date pending approval by the U.S. Bankruptcy Court for the Southern District of Texas.

The big picture

This divestiture reflects Saks Global's strategic pivot toward luxury retail, aligning with broader industry trends of off-price retailers optimizing their real estate portfolios. The 1.7 million square feet of available space presents a significant opportunity in a tight retail market, particularly for brands looking to expand in high-traffic outlet malls and lifestyle centers.

What we're watching

Market Demand
How quickly expanding brands in footwear, sporting goods, and off-price fashion will absorb this retail space.
Landlord Strategy
Whether landlords will prioritize repurposing these locations over leasing to new tenants.
Bankruptcy Process
The pace at which the U.S. Bankruptcy Court approves the sale and auction process.