In Re Three A'S Holdings, L.L.C.

MEMORANDUM OPINION 2

BRENDAN LINEHAN SHANNON, Bankruptcy Judge.

Before the Court is the Debtors’ proposal to assume and assign an unexpired lease of nonresidential real property in Brea, California to Walgreen Co. (hereinafter, “Walgreens”) in accordance with certain designation rights previously approved by the Court. The City of Brea (the “City”) and the Brea Downtown Owners Association (the “BDOA”, and collectively with the City, the “Objecting Parties”) have objected, arguing that an assignment to Wal-greens would violate both California state law and section 365(b)(3) of the Bankruptcy…