Former Hazlet Toys 'R Us Will Be Sold At Auction

HAZLET, NJ — The Hazlet Toys 'R Us is one of four stores in the state of New Jersey that will have its location auctioned off to the highest bidder.

The other three New Jersey locations are in Bridgewater, Cherry Hill and Paramus. Those four former New Jersey Toys 'R Us and Babies 'R Us stores will be auctioned off in Manhattan Sept. 27.

A&G Realty Partners, a real estate brokerage, and Raider Hill Advisors, a private real estate advisory firm, will auction off the properties.

"The opportunities here are diverse and include both freestanding and shopping center locations," said Todd Eyler, a managing director of A&G. "These are well-located, high-visibility big-box sites that can work for single-users or be subdivided, which is precisely the type of flexibility required for the kinds of adaptive strategies that are pulling ahead in today's real estate marketplace."

A&G led five other auctions for Toys R Us sites, including one last week for 123 locations. Raider Hill is overseeing the sale of 279 sites, including the former Wayne-based corporate headquarters.

Toys R Us has been auctioning off its properties and leases since it closed them down in late June following a Chapter 11 bankruptcy filing in September of 2017. The once-dominant retailer announced March 15 it would close or sell all of its 735 U.S. stores. More than 30,000 people lost their jobs when the stores closed and operations ceased at other company-owned properties in June.

Exterior of the Hazlet Toys R Us via Google Earth.