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