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Big Lots to close two stores in Ohio Valley

Big Lots will close store locations in Moundsville and East Liverpool, according to documents released by the company’s parent.

Gordon Brothers Retail Partners, which bought the company after Big Lots filed for bankruptcy, released a list of leases up for sale at Big Lots sites across the country, meaning the sites will not remain Big Lots under new ownership. The sites in Moundsville and East Liverpool were found on that list.

There are four other sites – two in Bridgeport, one in Weirton and one in Wintersville – that were not on the list and will still be in operation.

One other West Virginia site, in Vienna, is on the list for sale. The East Liverpool site is one of 23 Ohio sites up for sale.

The sites on the sale list stretch across 47 states and range in size from approximately 19,000 to 55,000 square feet.

All offers for individual or multiple location purchases are due no later than January 24.

“This is a fantastic opportunity for expansion-minded retailers to grow their footprint by acquiring well-located stores with long-term, below-market rents,” said Michael Burden, Co-Head of North America Real Estate Services at Gordon Brothers, in a press release. “These spaces offer a seamless path to enhance their presence and serve new communities, making it an ideal time to capitalize on prime retail real estate.”

Gordon Brothers closed on the sale agreement with Big Lots on Jan. 3. The sale enables Variety Wholesalers, Inc. to acquire between 200 and 400 Big Lots stores, which it plans to operate under the Big Lots brand, and up to two distribution centers.

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