Thursday, October 18, 2018

Sears Will End Up in Liquidation, Say Experts, Proving a Mixed Blessing for Mall Landlords

NREI
Sears Holdings’ Chapter 11 bankruptcy filing on Monday has some mall landlords excited about the opportunity to finally re-tenant Sears and Kmart stores that were paying below-market rents with healthy tenants, which could drive more revenue and shoppers.

The storied retail chain plans to reorganize around a smaller store base. It will continue to operate the financially healthier stores while it reorganizes and negotiates with its creditors. . . . more