Toys R Us retains Raider Hill Advisors

Toys R Us Inc. announced Monday that its subsidiary, Toys R Us Property Company I LLC or Propco I, has retained the services of Raider Hill Advisors, a real estate investment and retail advisory firm.

Toys R Us said Raider Hill will help maximize the value of Propco I’s portfolio and the rest of its subsidiaries’ properties,¬†which include about 284 properties in 46 states totaling 14.5 million square feet.

The properties are former Toys R Us and Babies R Us stores, distribution centers, its corporate headquarters in Wayne and more.

The properties in New Jersey:

  • Headquarters, One Geoffrey Way, Wayne, 585,216 square feet;
  • Owned, 4476 Black Horse Pike, Mays Landing, 45,222 square feet;
  • Owned, 600 Trotter Way, Freehold, 44,866 square feet;
  • Owned, 409 Almonesson Road, Woodbury, 44,208 square feet;
  • Ground lease, 500 Route 38, Cherry Hill, 50,651 square feet;
  • Ground lease, 3265 Brunswick Pike, Lawrence Township, 39,117 square feet;
  • Ground lease, 90 Route 10 West, East Hanover, 37,367 square feet;
  • Ground lease, 100 Promenade Blvd., Bridgewater, 37,287 square feet;
  • Ground lease, 1280 Route 22 and St. James Ave., Philipsburg, 30,4433 square feet;
  • Lease, 599 W. Mt. Pleasant Ave., Livingston, 44,188 square feet;
  • Lease, 3035 Route 35 North, Hazlet, 36,121 square feet;
  • Lease, 634 Route 17 North at Ridgewood Ave., Paramus, 35,832 square feet.

Kirkland & Ellis LLP is serving as principal legal counsel and Benesch, Friedlander, Coplan & Aronoff LLP is serving as lead real estate legal counsel to Propco I.