DJM Realty Hired To Dispose of 335 Bombay Retail Store Leases

Furniture World News

The Bombay Company, Inc. has selected DJM Realty, a leading provider of strategic real estate solutions, to exclusively manage the national disposition of all 335 retail store leases and five distribution center leases in the United States. Bombay specializes in unique home accessories, wall decor and furniture through 384 retail outlets in the U.S. and Canada. "There are very few opportunities to offer a real estate portfolio as unique as Bombay's, which consists of locations in elite malls, street front properties and strong strip, outlet and lifestyle centers. Bombay stores are concentrated in the Northeast with 73 locations, the Southeast with 98 locations, the Midwest with 50 locations and California with 53 locations. We are excited to offer these prime real estate properties ranging from 1,800 to 11,000 square feet, "said Andy Graiser, Co-President of DJM Realty. Bombay is liquidating its inventory through the stores during the holiday season. The engagement of DJM Realty, which is subject to bankruptcy court approval expected next week, anticipates an auction on these properties in mid-December 2007. The 335 stores operate in the following 41 states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, North Carolina, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin and West Virginia. Bombay's distribution centers are located in Pennsylvania, Georgia, Texas, Indiana, and California, and range in size from 250 thousand to 400 thousand square feet. "Given the desirability of these properties and the amount of interest that we have already received, interested parties must act immediately," said Andy Graiser. For more information regarding the disposition of these leases for Bombay, please contact James Avallone at 631-752-1100 ext. 224 or javallone@djmrealty.com. Property information can be obtained at www.djmrealty.com . About DJM: DJM Realty, a Gordon Brothers Group company, specializes in real estate dispositions, valuations, acquisitions and capital solutions. DJM Realty services the world's most recognizable brands such as Big Lots, CompUSA, Dick's Sporting Goods, Eckerd, Pep Boys, Toys R Us, Wal-Mart, West Marine and Yum Brands. DJM Realty was founded in 1992 and is headquartered in New York with offices in Los Angeles, Boston and Chicago. For more information, please visit www.djmrealty.com About Bombay: The Bombay Company, Inc. designs, sources and markets a unique line of home accessories, wall decor and furniture through 384 retail outlets in the U.S. and in Canada. Further information on The Bombay Company, Inc. can be found on the Company's website at www.bombaycompany.com