The leases include Zales stores in prime locations such as Manhattan’s Herald Square and along Fifth Avenue, as well as two stores apiece in the Bronx, Brooklyn and Queens, according to a listing on the website of New York-based advisory firm RCS Real Estate Advisors.
Zale’s treasurer declined to comment and the RCS agent overseeing the sale did not return calls for comment on when these leases were put up for sale.
It was not clear whether Zale was trying to reduce some of its lease obligations or whether the jeweler would consider leaving some of these locations.
Zale hired RCS almost a year ago to advise it on restructuring its lease portfolio and reducing overall lease costs.







