A&G Real Estate Partners, a New York-based real estate advisory firm, is preparing to auction off hundreds of retail store and distribution center leases following the bankruptcy of Joann Inc., the well-known fabric and craft retailer headquartered in Hudson, Ohio.

Joann’s assets were recently acquired by Great American Group LLC, a West Coast asset disposition firm, and an agent representing the company’s term lenders. The deal was finalized in Delaware bankruptcy court after they submitted the winning bid on February 24.

According to Mike Matlat, senior managing director at A&G Real Estate Partners, the firm is actively marketing leases for 790 closing Joann stores and five distribution centers. These leases are available for sale, assignment, or termination.

The bidding process is expected to take place in early to mid-April, though Matlat noted that private sales could occur beforehand if strong offers come in.

“We’re selling lease assignments to third parties and lease terminations to landlords for key money above and beyond cure amounts,” he explained in an email.

As Joann winds down its operations, store landlords are set to receive some lease compensation through the company’s bankruptcy process.

A&G is also handling the auction of Joann’s Hudson distribution center lease, along with managing the sale of 695 Party City leases across the country.