January 15, 2025 - 22:37
Hilco Real Estate has been appointed by Advance Auto Parts, Inc. to oversee the management and disposition of more than 200 retail locations and development parcels. This strategic move is part of Advance Auto Parts' ongoing efforts to streamline its operations and optimize its real estate portfolio.
The decision to engage Hilco Real Estate comes as the automotive parts retailer seeks to enhance its market presence while addressing the changing dynamics of the retail landscape. With the expertise of Hilco Real Estate, Advance Auto Parts aims to effectively navigate the sale of these properties, ensuring a smooth transition and maximizing value for stakeholders.
This initiative underscores the importance of strategic real estate management in the retail sector, particularly as businesses adapt to evolving consumer behaviors and market conditions. Hilco Real Estate's experience in managing large-scale property dispositions positions it as a key player in facilitating this significant undertaking for Advance Auto Parts.
