Joann is entering its final chapter as the fabric and crafts retailer winds down operations.
Nearly 800 store leases and five distribution centers are set to be auctioned, according to GA Group and A&G Real Estate Partners, which are overseeing the process.
The company, which has been in business for 82 years, filed for Chapter 11 bankruptcy in January 2025.
Bids on the available properties are due by April 16, with the auction scheduled in New York on April 22.
The leases span 49 states and include freestanding stores, power centers, strip malls, and urban retail locations, with spaces ranging from 7,500 to 52,000 square feet. No owned properties will be part of the sale.
“The auction of Joann’s store leases presents a unique chance to transform well-located retail spaces into thriving businesses,” said Emilio Amendola, co-president of A&G.
“From specialty retail and fitness centers to healthcare clinics and entertainment venues, these properties offer limitless potential.
“For small business owners and startups, this is an opportunity to lock in prime locations at competitive rates—helping them grow, innovate, and revitalize local economies.”
Joann stores will remain open for liquidation sales through May or until inventory runs out. Fixtures, equipment, and the retailer’s intellectual property will also be available for purchase.
GA Group, which was selected in February to oversee the monetization of Joann’s assets, is managing the store closures alongside Tiger Group.
“This diverse portfolio offers strong real estate fundamentals, prime high-traffic locations, and turnkey spaces ready for immediate occupancy,” added Michael Jerbich of GA Group.
“This auction offers business owners and investors a prime opportunity to expand their footprint and strengthen their local presence.”
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