Livonia, Mich.-based Schostak Brothers & Company is making a big push in the retail markets. That was made clear on July 15 when the company announced that it had purchased 23 shopping centers in 19 states.
The move is part of a bankruptcy liquidation in which Schostak Brothers purchased the majority of the remaining Coldwater Liquidating Trust portfolio, a portfolio that totals 405,000 square feet.
The 23 shopping centers cover 19 states, and mark the third acquisition of Super Walmart shopping centers that Schostak Brothers has made in less than a year. The company also purchased five Super Walmart stores in 2013 through the same bankruptcy filing.
“We’ve monitored this bankruptcy for several years and are looking forward to the continued expansion and diversification of our portfolio,” said David Schostak, chief executive officer of Schostak Brothers & Company.
