Mall owner buys more Sears stores
November 1, 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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