DJM Realty to Dispose of 355 Whitehall Leases

Whitehall Jewelers Holdings, Inc. has selected DJM Realty to manage the national disposition of all remaining retail store leases in the United States.

DMJ Realty, Melville, N.Y., is a real estate disposition specialist.

Whitehall Jewelers Holdings is a national specialty retailer of fine jewelry doing business as Whitehall and Lundstrom. Included in the disposition project are leases of former Friedman Jewelers and Crescent Jewelers which Whitehall acquired earlier this year. Whitehall was originally founded in 1895 under the name Marks Bros. Jewelers.

“These 355 leases that DJM Realty will be marketing range in size from 500 to 3,800 square feet,” said Michael Jerbich, senior managing director of DJM Realty. “The Whitehall Jewelers portfolio offers stores located in high-traffic areas at or near the 50 yard line in upscale malls throughout the country.”

The remaining Whitehall Jewelers store leases are available in the following locations: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, North Carolina, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and West Virginia.

Whitehall Jewelers, which filed for Chapter 11, is liquidating its inventory and running going out of business sales through their stores that are expected to last throughout the holiday season. The engagement of DJM Realty, which is subject to bankruptcy court approval, anticipates an auction to be conducted on these properties in late October.

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