NEW YORK, December 4, 2008 — New York-based RCS Real Estate Advisors, the pre-eminent real estate advisory firm to the retail industry, has been retained by BH S&B Holdings LLC d/b/a Steve & Barry’s, subject to bankruptcy court approval, to provide property/lease disposition services for Steve & Barry’s stores. RCS Real Estate Advisors Senior Vice President Spence J. Mehl made the announcement.
RCS Real Estate Advisors will develop and implement a comprehensive marketing plan to dispose of 173 Steve & Barry’s leases nationwide. The locations vary in size from 3,500 to more than 169,000 square feet.
Anyone interested in these locations should contact RCS Real Estate Advisors Senior Vice President Spence Mehl at 212-239-1100 x221, [email protected] or Vice President Warren Kiersh at 212-239-1100 x212, [email protected].
RCS Real Estate Advisors provides innovative solutions that unlock the potential of retail real estate assets for clients across the United States. Founded in 1981, the firm operates through a unique mix of three practice areas—Growth and Development, Restructuring and Portfolio Optimization, and Investment Advisory and Participation—offering services that include expansions, rent renegotiations, dispositions and equity investments.
BH S&B Holdings LLC, an affiliate of SEC registered investment advisors Bay Harbour Management and York Capital Management, owns more than 170 Steve & Barry’s stores nationwide. BH S&B Holdings LLC and seven of its affiliates filed for Chapter 11 Bankruptcy protection on November 19, 2008.