NEW YORK, March 28, 2019 /PRNewswire/ — Raider Hill Advisors today announced that it has been retained as exclusive real estate advisor to oversee the execution of all leasing, redevelopment, asset management, and disposition activities of Heartland Hill Properties, a portfolio of 79 current and soon-to-be former Shopko properties totaling 5.5 million square feet across 14 states previously owned by Spirit MTA REIT. The portfolio features Shopko and Shopko Hometown retail locations ranging from 17,000 square feet to 127,000 square feet as well as the Company’s Headquarters and Optical Lab in Green Bay, WI. Monarch Alternative Capital LP is the primary investor in Heartland Hill Properties.
“We are excited to lead the value maximization effort of the former Shopko portfolio by leveraging our advisory and operating platform. These assets provide an outstanding opportunity for retailer growth in historically successful but underserved markets,” said Daniel B. Hurwitz, Founder & CEO of Raider Hill Advisors.
Raider Hill Advisors is marketing all properties for lease and for sale. For more information about the portfolio and available properties, please visit www.RaiderHill.com or contact Raider Hill at 212-223-9090.
About Monarch Alternative Capital LP
Monarch Alternative Capital LP is a private investment firm with approximately $5 billion in assets under management across various investment vehicles. Monarch was founded in 2002 and focuses primarily on opportunistic investing across distressed debt, special situations equity and real estate. The firm’s headquarters is located in New York, with a subsidiary office in London.
About Raider Hill Advisors
Raider Hill Advisors is a private real estate investment and retail advisory firm headquartered in New York City. The firm provides advisory and management services for private and public market retail real estate investors and operators as well as retailers. For more information please visit www.RaiderHill.com.
SOURCE Raider Hill Advisors