The Bon-Ton Stores, Inc. filed an asset purchase agreement in the US Bankruptcy Court for the sale of its certain assets on October 30, 2018. As per the agreement dated September 24, 2018, seeks the Court’s approval for the sale of its certain assets to Centennial Real Estate Acquisition, LLC, for a purchase price of $8 million in cash. The debtor’s assets include Vernon Hills property and Aurora property. Under the terms of the asset purchase agreement, the buyer has made an earnest money deposit of $0.10 million upon the execution of the agreement and an additional deposit of $0.40 million shall be payable within one business day following the expiration of due diligence period. The buyer is represented by Pircher, Nichols & Meeks as its legal advisor.