Because they once drew scads of traffic to shopping centers, big department stores have historically paid minuscule rents. As a result, not all center-owners are mourning Sears’s Chapter 11 filing.
Experts are weighing in on the retailers that stand to benefit the most from Sears Holdings Corp.’s bankruptcy filing, which includes closing another 142 stores.
Fidelis Realty Partners has purchased a three-property Texas shopping center portfolio totaling more than 885,000 sq. ft. of retail space from InvenTrust Properties.
Reports are circulating in the business press this week about an impending bankruptcy filing from Sears, but one Northeastern mall owner began preparing for this day years ago.
