The LoveSac Corp. Retains Keen Realty to Auction 21 Retail Leases; Auction Scheduled for February 24th.GREAT NECK, N.Y. -- The LoveSac Corporation has retained Keen Realty, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to market and dispose of 21 of the company's retail leasehold interests located throughout the country. Keen has announced that the leaseholds will be auctioned on February 24, 2006 and the deadline for submitting bids is February 22, 2006. LoveSac sells "oversized o·ver·size n. 1. A size that is larger than usual. 2. An oversize article or object. adj. o·ver·size also o·ver·sized Larger in size than usual or necessary. sacs" - DuraFoam-filled mega beanbag-type chairs - as well as other furniture, apparel, and a variety of accessories. The company filed for Chapter 11 protection on January 30, 2006 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , District of Delaware. Keen Realty, LLC is a real estate consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in maximizing the value of its clients' real estate assets nationwide. "We are excited to offer these leases for sale, as they're located in premier malls and centers throughout the country," said Craig Fox Craig L. Fox is a broadcasting station owner in New York state in the United States. As of 2006, he controls five companies which, between them, own 4 AM radio stations, 3 FM radio stations not counting FM translators, and 15 low power television stations of which at least 5 are , Keen Realty's Vice President. "Interested parties must act immediately, as bids must be submitted in accordance with Court approved bid procedures no later than February 22nd. Qualified bidders will have the opportunity to compete for the locations at the auction on February 24th," Fox added. The leases, which range in size from 720 sq. ft. - 2,118 sq. ft., are located in CT, IA, IN, MI, MO, NE, NH, NJ, NY, TN, and TX. For over 23 years, Keen Consultants has had extensive experience solving complex problems and evaluating and selling real estate, leases and businesses. Keen Realty, a leader in identifying strategic investors and partners for businesses, has consulted with hundreds of clients nationwide, and evaluated and disposed of more than 18,400 properties consisting of approximately 1,723,300,000 sq. ft. across the country. Recent clients include: Eddie Bauer/Spiegel, The Penn Traffic The Penn Traffic Company operates 109 supermarkets in Pennsylvania, upstate New York, Vermont and New Hampshire. The Penn Traffic Company of today was built through the merger of three strong regional supermarket companies in the late 1980s, The Penn Traffic Company, P&C Foods and Company, Cable & Wireless, Meadowcraft, Frank's Nursery and Crafts, Arthur Andersen, Service Merchandise, Tommy Hilfiger, Warnaco, and JP Morgan Chase. For more information regarding the disposition of these leaseholds for The LoveSac Corp., please contact Keen Realty, LLC, 60 Cutter Mill Road, Suite 214, Great Neck, NY 11021, Telephone: 516-482-2700, Fax: 516-482-5764, e-mail: cfox@keenconsultants.com Attn: Craig Fox. |
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