Forever 21 lease in Trumbull is for sale as part of bankruptcy
RCS Real Estate Advisors
Forever 21 is closing all 350 stores in the U.S., including six stores in Connecticut.
The lease for Forever 21’s outlet store in Trumbull has gone up for sale after the clothing retailer filed for Chapter 11 bankruptcy protection earlier this week and announced plans to close all of its 350 stores in the U.S.
Forever 21 has a 21,906-square-foot store in the Westfield Trumbull Mall at 5065 Main St., in Trumbull, according to New York-based RCS Real Estate Advisors, which will market and sell the retailer’s lease portfolio in the U.S.
The mall, which has 188 stores and contains 657,509 square feet over two floors, is owned by New York-based Namdar Realty Group, which owns a number of struggling malls in Connecticut and is negotiating to buy The Shoppes at Buckland Hills Mall in Manchester.
“RCS is uniquely positioned to market Forever 21’s extensive lease portfolio strategically, ensuring these well-located retail spaces quickly find new tenants,” said Brad Sell, chief financial officer at Forever 21. “These properties offer tremendous opportunities for retailers looking to expand their footprint in key shopping destinations.”
Forever 21, which previously filed for bankruptcy in 2019, has five other Connecticut stores at these locations:
Connecticut Post Mall, 1201 Boston Post Road, Milford
Buckland Hills Mall, 194 Buckland Hills Drive, Manchester
Westfarms Mall, 155 Westfarms Mall, Farmington
Crystal Mall, 850 Hartford Tpke., Waterford
Foxwood Outlets, 455 Trolley Line Blvd., Mashantucket
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