Here’s the List of Sports Authority Stores on the Block

The Sports Authority Inc., which filed for chapter 11 bankruptcy protection Wednesday, has earmarked about 140 of its 463 stores for closure or sale in the coming months, as well as two distribution centers.

Leases for 87 of those properties have already hit the block, 25 of them in Texas, according to a marketing document obtained by The Wall Street Journal. The retailer is also reducing its footprint in Florida and California, with eight and six leases up for grabs in those states, respectively.

Retailers often hawk leases in chapter 11 to raise money to repay creditors. These portfolios can offer value to buyers looking to pick up a handful of locations in one fell swoop. Sports Authority is working with real-estate consultant A&G Realty Partners to market the leases, according to the flyer.

The number of stores Sports Authority will close is still somewhat fluid. As it was preparing for bankruptcy, the company and its restructuring advisers identified “up to 200” underperforming locations it thought it might seek to close, according to court papers.

And the company’s bankruptcy financing package could force it to liquidate its entire footprint by the end of April if Sports Authority can’t find a suitable buyer for its core locations, The Wall Street Journal reported.

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