Party City Holdco Inc. is auctioning off 12 of its leases in six states — including one in the Kansas City area.
The Woodcliff Lake, New Jersey-based party goods and Halloween specialty retailer filed for Chapter 11 bankruptcy in mid-January as part of a pre-negotiated restructuring.
According to a bankruptcy auction flyer, the 10,000-square-foot store at 541 E. Markey Parkway in Belton is among the leases being auctioned.
A local employee confirmed that the Cass County store is set to close March 16 and that its merchandise is being sold at 10% to 20% off.
A&G Real Estate Partners LLC, a Melville, New York-based real estate advisory and services firm, lists an annual base rent of $92,500 for the location in the Belton Gateway retail center.
Read more in the Kansas City Business Journal.
