Bankruptcy Acquisition
Grand/Sakwa acquires fee simple real estate, operating businesses and other assets (e.g. such as operating leases and leasehold assets) out of “special situations” including bankruptcies and out-of-court restructurings.
Grand/Sakwa’s understanding of the bankruptcy sale process and its entrepreneurial approach to special situations – including flexibility on investment parameters, deep access to internal equity, and the ability to close quickly to cash.
Examples of Grand/Sakwa’s previous bankruptcy and “special situation” acquisitions include:
Sports Authority Bankruptcy
Grand/Sakwa acquired fee simple real estate owned by the Debtor in a bankruptcy auction.
Toys R us
Grand/Sakwa acquired fee simple real estate owned by the Debtor in a bankruptcy auction.
Awrey Bakery
Grand/Sakwa owns the 220,000 square foot Livonia headquarters and bakery facility of Awrey Bakery which was acquired out of bankruptcy by the Beebe family.
Leasehold Assets
Grand/Sakwa has acquired subleased leasehold assets – tenant leases that have been subleased to other users – from bankruptcy estates, including A&P, FogCap Retail Investors and others.