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Scan International, Inc. Retains Keen Consultants to Auction Five Retail Leases and...
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Scan International, Inc. Retains Keen Consultants to Auction Five Retail Leases and One Warehouse Lease
Bid Deadline & Auction Date: TBD
MELVILLE, N.Y.--(Business Wire)--Scan International, Inc., debtor and debtor-in-possession, has
retained Keen Consultants, the real estate division of KPMG Corporate
Finance LLC and its wholly owned subsidiary, KPMG CF Realty LLC, to
market and assist with the disposition of the company's retail and
warehouse leasehold interests located in Maryland and Virginia. Scan
operates five prime retail sites in Maryland and Virginia that range
in size from 15,000 to 40,000 sq. ft., and has an 81,280 sq. ft.
warehouse in Maryland. The company filed for Chapter 11 protection on
December 26, 2007 in the United States Bankruptcy Court for the
District of Maryland. Keen Consultants is a real estate consulting
firm specializing in maximizing the value of its clients' real estate
assets nationwide.
"We are pleased to offer these Scan Furniture leases for sale,"
said Mike Matlat, Director, KPMG Corporate Finance LLC. "These stores
are located in prime locations and represent a good opportunity for
retailers looking to expand. The bid deadline and auction dates are
currently To Be Determined, but interested parties are encouraged to
act immediately, as the leases may be sold prior to the auction,"
Matlat added. The retail leases are located in Columbia, MD;
Lutherville, MD; Rockville, MD; Dulles, VA; and Falls Church, VA. The
warehouse lease is located in Columbia, MD.
On October 1, 2007 KPMG Corporate Finance LLC, a full service,
independent, middle-market investment bank, announced it has acquired
substantially all of the assets of Keen Consultants, LLC and Keen
Realty, LLC. Keen Consultants is operating as the real estate division
of KPMG Corporate Finance LLC. Established in 1982, Keen specializes
in selling excess assets and restructuring real estate and lease
portfolios for companies nationwide. Keen has had extensive experience
solving complex problems and evaluating and selling real estate,
leases and businesses. Keen has evaluated and disposed of more than
20,000 properties containing nearly 2,000,000,000 sq. ft. across the
country. Former clients included: Cable & Wireless, Meadowcraft,
American Candy, Spiegel/Eddie Bauer, Arthur Andersen, Service
Merchandise, Tommy Hilfiger, Warnaco, and JP Morgan Chase.
For more information regarding the disposition Scan Furniture
Stores, or any other properties available, please contact Keen
Consultants - KPMG Corporate Finance, 1305 Walt Whitman Road, Suite
200, Melville, NY 11747, Telephone: 631-351-7800, Fax: 631-794-2468,
Email: mmatlat@kpmg.com, Attn: Mike Matlat.
Keen Consultants
Mike Matlat, 631-351-7800
Director
mmatlat@kpmg.com
Copyright Business Wire 2008
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