Neiman Marcus may close four of its full line stores as part of its bankruptcy reorganization that includes The Bravern store in Bellevue. A&G Real Estate Partners who is marketing the properties for rent is positioning them as good locations for office, residential, hotel and retail uses. The other locations that are being marketed also include Walnut Creek, California, Washington D.C. and Palm Beach, Florida
The Bravern Neiman Marcus store opened in September 2009, and currently occupies 124,637 square feet with a lease until 2040, with options to extend until 2090.
According to A&G Real Estate Partners, the Neiman Marcus rent at The Bravern is $781,474 annually.
Neiman Marcus filed for bankruptcy in May earlier this year.
We reported in early 2019 that The Bravern luxury shopping complex had been for sale since mid-2018. In total The Bravern has 313,119 square feet of retail space.
Neiman Marcus Bellevue store is currently located at 11111 NE 8th Street.