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National Wholesale Liquidators Files Bankruptcy

50-Store Closeout Goods Retailer in Chapter 11
By Sasha M Pardy
November 17, 2008 | 8:37 P.M.

West Hempstead, NY-based National Wholesale Liquidators filed Chapter 11 bankruptcy on Nov. 10, 2008. The closeout goods retailer listed assets and debt of $100 million to $500 million; it listed 62 affiliate companies. The company said that in part, it was forced to file due to a reduction in credit by GE that hampered $15 million in vendor deliveries. According to CoStar Tenant, the retailer has about 50 stores in CT, DC, DE, IL, MA, MD, MI, NJ, NY, PA and RI -- its stores average 60,000 square feet, but range in size from 10,000 to 200,000 square feet. Its headquarters building in West Hempstead is a 150,000-square-foot industrial building located in the Central Nassau Industrial Submarket.

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