Sears Holdings Announces Completion of $270 Million Sale of Eleven Sears Stores to General Growth Properties

Sears Holdings Corporation (NASDAQ: SHLD) announced today the completion of the sale of eleven Sears full line store locations to General Growth Properties for $270 million. Sears has received the sale proceeds and the stores will continue to operate as Sears locations into 2013 or 2014 with final closing dates to be determined and announced later this year.

sears_store-retail-localization

sears_store-retail-localization

Sears Holdings Corporation(NASDAQ: SHLD) announced today the completion of the sale of eleven Sears full line store locations to General Growth Properties for $270 million. Sears has received the sale proceeds and the stores will continue to operate as Sears locations into 2013 or 2014 with final closing dates to be determined and announced later this year.

Each of the Sears stores was part of an existing General Growth property.  The transaction included the list of owned and leased stores listed below.

 

1450 ALA MOANA BLVD Honolulu HI Leased
1481 CORAL RIDGE AVE Coralville IA Owned
1201 LAKE WOODLANDS The Woodlands TX Owned
20 BELLIS FAIR PKWY Bellingham WA Leased
1751 MADISON AVE Council Bluffs IA Leased
9405 W COLONIAL DR Ocoee FL Owned
1001 APACHE MALL Rochester MN Leased
2000 N NEIL ST Champaign IL Leased
6191 S STATE ST STE 300 Murray UT Owned
2501 W MEMORIAL RD Oklahoma City OK Owned
1200 TOWNE CENTRE BLVD Provo UT Owned

 

About Sears Holdings Corporation Sears Holdings Corporation is one of the largest broadline retailers with over 4,000 full-line and specialty retail stores in the United States andCanada.  Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, consumer electronics and automotive repair and maintenance.  Sears Holdings is the 2011 ENERGY STAR® Retail Partner of the Year.  Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands’ End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.  It also has the Country Living collection, which is offered by Sears and Kmart.  We are the nation’s largest provider of home services, with more than 11 million service calls made annually.  Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and KmartCorporation.  For more information, visit Sears Holdings’ website at www.searsholdings.com. Twitter: @searsholdings | |Facebook: http://www.facebook.com/SHCCareers

[via Sacbee]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 32 other followers

%d bloggers like this: