The Bon-Ton Stores, Inc. filed a motion in the US Bankruptcy Court for the sale certain assets on October 4, 2018. The debtor seeks the Court’s approval for the sale of certain assets to 3200 Lake Avenue, LLC, the stalking horse bidder, for a purchase price of $12.5 million in cash along with good-faith deposit in the amount of $0.6 million pursuant to the asset purchase agreement, dated October 4, 2018. The debtor’s assets include real property owned by Bonstores Realty Two, LLC located in Wilmette, Illinois. The stalking horse bidder would be entitled to a break-up fee of $0.5 million and expense reimbursement of $0.25million in case of termination of the asset purchase agreement. The sale hearing is scheduled for October 25, 2018. The proceeds of the sale of the property are payable to the Bon-Ton purchaser, pursuant to the proposed order and agency agreement.