Local broker busy in Borders' crisis
Emilio Amendola and Andy Graiser of DJM Credit: Bruce Gilbert, 2008
DJM Realty in Melville handled the real estate assets for Kmart, Linen N Things, Circuit City, Blockbuster and a whole lot of other firms that went bankrupt in this economy. Today, it’s Borders book stores.
On its website are 200-plus listings of Borders leases that are up for grabs. It’s $636,000 a year to lease the Commack store and almost $828,000 annually for the Westbury.
At the same time, DJM has another task: Helping Borders save more money by persuading landlords to cut rent for Borders stores not on the chopping block, said Andy Graiser, DJM’s co-president. Graiser appears at right, above, with colleague Emilio Amendola
“It’s part of the company’s plan and it’s necessary to emerge from bankruptcy,” he said. “By accomplishing this, we’re saving more stores from closing.”
DJM, which started in 1992, specializes in buying, evaluating and disposing of properties worldwide for troubled companies.
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