Retail News

Mall owner buys more Sears stores

Chicago Tribune 10/31/2017

Mall operator GGP split ownership of 12 Sears anchor stores with Seritage Growth Properties, Sears’ real estate investment trust, when the retailer spun them off in 2015. Since then GGP has acquired Seritage’s stake in eight of those stores and bought a 50 percent interest in five other Sears owned by the REIT.

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