Discovery Channel Stores Retains DJM Realty to Dispose of All Stores

Discovery Channel Stores Retains DJM Realty to Dispose of All Stores

Discovery Channel Stores has selected DJM Realty, the leading real estate disposition firm to exclusively manage the national disposition of 103 locations along with a corporate office and a distribution center in 31 states. As part of its new commerce plan, Discovery will focus on achieving an increased reach of its products through retail partnerships and our high-growth e-commerce platform.

“We are excited to offer these premier real estate properties ranging from 2,000 to 4,500 square feet to businesses nationally,” said Peter Lynch, Principal of DJM Realty. These 103 mall-based and stand-alone Discovery Channel Stores are available in: Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Montana, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Tennessee, Texas, Vermont, Virginia, Washington, Washington, D.C. and Wisconsin.

In an effort to better compete in the changing consumer products industry, Discovery Channel Stores has identified the need to close stores to focus on its partnership and e-commerce marketing presence. “This is a great opportunity for businesses looking to expand their real estate portfolio and trust DJM Realty to best identify and partner with the appropriate organizations,” said David Zaslav, President and CEO of Discovery Communications. “By eliminating our owned and operated brick-and-mortar storefronts, which are cost-intensive and complicated businesses, Discovery can focus its efforts on high-growth e-commerce and licensing operations.”

“Given the desirability of these properties and the amount of interest that we have already received, interested parties must act immediately,” said Emilio Amendola, Co-President of DJM Realty heading the real estate disposition of Discovery Channel Stores. For more information regarding the disposition of these leaseholds for Discovery Channel Stores please contact Peter Lynch of DJM Realty at 213-533-1042 or plynch {at} djmrealty(.)com. Property information can be obtained at http://www.djmrealty.com/.

About DJM

DJM Realty, a Gordon Brothers Group company, specializes in real estate dispositions, valuations, acquisitions and capital solutions. DJM Realty services the world’s most recognizable brands such as Big Lots, CompUSA, Dick’s Sporting Goods, Eckerd, Pep Boys, Toys R Us, Wal-Mart, West Marine and Yum Brands. DJM Realty was founded in 1992 and is headquartered in New York with offices in Los Angeles, Boston and Chicago. For more information, please visit http://www.djmrealty.com/.

About Discovery Communications

Discovery Communications is the number-one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 170 countries. Through TV and digital media, Discovery’s 100-plus worldwide networks include Discovery Channel, TLC, Animal Planet, Discovery Health, The Science Channel, and Discovery HD Theater. Discovery Communications is owned by Discovery Holding Co., Advance/Newhouse Communications and John S. Hendricks, Discovery’s founder and chairman. For more information visit http://www.discovery.com/

About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group, LLC (http://www.gordonbrothers.com/) is an advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors. The firm provides a wide variety of services to companies at times of growth and restructuring. Gordon Brothers Group capabilities include asset valuations, dispositions and appraisals, real estate consulting and acquisitions, retail store operations, lending, equity investments, restructuring and advisory services. The firm has unparalleled expertise in assisting healthy and distressed companies in maximizing the value of under-performing assets and expanding operations through new products and distribution channels