One aspect
of hhgregg's debt is pegged to its commercial real estate properties, many of which are net leased and are pegged to CMBS loans.
Not exact matches
Anthony Chukumba
of Loop Capital says Best Buy Co Inc (NYSE: BBY) could be a primary beneficiary
of potential bankruptcy filing
of peer
hhgregg, Inc. (NYSE: HGG).
A year later, roughly 60 percent
of that space has been spoken for through new deals with expanding retailers including Bed, Bath & Beyond,
hhgregg, T.J. Maxx, Forever 21, Best Buy and others.
One Liberty Properties Inc. acquired two Chicago area properties from
hhgregg Inc. for an aggregate price
of $ 8 million.
In August 2008
hhgregg celebrated a milestone in the opening
of its 100th store in Mishawaka, Ind..
That particular
hhgregg, however, is on another list
of stores, one that is less illustrious.
In terms
of the sale
of properties,
hhgregg locations price between $ 2 million and $ 5 million, with a cap rate
of between 6 percent and 7 percent, according to Triple Net Investment Group.
Of course, it didn't help that
hhgregg did not create compelling reasons for consumers to buy its washing machines and televisions, as opposed to buying from any other electronics retailer.
DDR's results for the first quarter were weighed down by bankruptcies
of Sports Authority,
hhgregg and Golfsmith, said Michael Makinen.