Four former Mervyns buildings in the central San Joaquin Valley will be up for auction Thursday, along with 14 related properties statewide.
The buildings in Clovis, Madera, Porterville and Tulare are part of a real estate portfolio whose owners defaulted on nearly $180 million in loans and were foreclosed upon. The joint auction will be held in the city of Martinez.
The stores that have opened in the properties since Mervyns closed will remain open, retail and real estate experts said.
Kohl's has taken over former Mervyns stores in Clovis and Porterville. Big Lots has taken over a portion of the former Mervyns in Tulare and the Madera store is empty.