Linens 'n Things to dispose of properties via DJM Realty

By Lisa Kerner

Charlotte, N.C., June 23 - Linens Holding Co. hired DJM Realty to manage the disposition of 120 underperforming Linens 'n Things stores targeted for closure as part of its restructuring, subject to Bankruptcy Court approval.

"The real estate locations are all in major markets which are difficult to enter," Andy Graiser, co-president of DJM Realty, said in the news release.

"As with all Chapter 11 projects, the process moves fast and we are expecting an auction before July 31st," Graiser added.

Linens 'n Things noted that DJM Realty has worked with over 220 companies to dispose of excess or underperforming real estate.

Linens 'n Things, a Clifton, N.J., home furnishings specialty retailer, filed for bankruptcy on May 2 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-10832.

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