Thursday, November 30, 2017

Sign of the Times: Landlords Sell Weak Malls Online

Image result for midway mall elyria ohWith more retailers shuttering stores across the U.S., some property owners and managers are trying to unload weak malls at a faster pace.

Sellers and their brokers increasingly are looking to sell online, said Robert Drury, senior vice president of Ten-X’s commercial division. The web’s reach “means that sellers are able to more easily find the right buyer for their property and ensure they receive maximum value,” Mr. Drury said.. . . more

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