The total number of Sears/Kmart stores in now-Seritage-owned buildings known to be scheduled for a April 27-mid-July liquidation has now (4/21) reached two dozen, after a lot of reporters' research to get that put together since there has still been no official list release. (This is the same closing stores list that had 9 stores on it when I first posted about it on Mon 4/16.)
https://www.stamfordadvocate.com/te...g-more-stores-and-selling-others-12825378.php
Sears
- Park Mall, 5950 E Broadway Blvd. Tucson, Arizona
- Sunrise Mall, 5900 Sunrise Blvd., Citrus Heights, California
- Westfield Galleria at Roseville, 1191 Galleria Blvd., Roseville, California
- Solano Town Center, 1420 Travis Blvd., Fairfield, California
- Parkway Plaza, 575 Fletcher Parkway, El Cajon, California
- University Mall, 7171 N Davis Hwy, Pensacola, Florida
- Countryside Mall, 27001 Us 19 N, Clearwater, Florida
- Oaks Mall, 6201 W Newberry Rd, Gainesville, Florida
- Broward Mall, 8000 W Broward Blvd, Plantation, Florida
- Marketplace at Six Corners, 4730 W Irving Park Road, Chicago, Illinois
- Lindale Mall, 4600 First Ave. NE, Cedar Rapids, Iowa
- Columbia Mall, 2201 W Worley St, Columbia, Missouri
- Maplewood Mall, 3001 White Bear AVE N, Maplewood, Minnesota
- Meadowood Mall, 5400 Meadowood Mall Circle, Reno, Nevada
- Greece Ridge Center, 317 Greece Ridge Center Dr, Rochester, New York
- Independence Mall, 3500 Oleander Drive, Wilmington, North Carolina
- Asheville Mall, 1 S Tunnel Road, Asheville, North Carolina
- Southern Park Mall, 7401 Market St., Youngstown, Ohio
- Wyoming Valley Mall, 88 Wyoming Valley Mall, Wilkes-Barre, Pennsylvania
- Park North Shopping Center, 622 NW Loop 410, San Antonio, Texas
- Warrenton Village Center, 141 W Lee Hwy, Warrenton, Virginia
- Overlake Fashion Plaza, 2200 148th Ave NE, Redmond, Washington
Kmart
- 1602 W Brandon Blvd., Brandon, Florida
- 180 Main St., Saugus, Massachusetts
There's now another planned closure announced, the Sears in Chesterfield Mall in Chesterfield (suburb of St. Louis), Missouri. It's not part of the April 27-July group, since its exact closure date is yet to be determined. Could still have several years, if Sears itself lasts that long.
http://www.stltoday.com/business/lo...cle_c74bfdd9-a9e3-56e7-97c2-66ee062d30d1.html
Staenberg buys Sears at Chesterfield Mall in first step toward redeveloping the entire facility
By Brian Feldt
St. Louis Post-Dispatch
Apr 24, 2018
" Michael Staenberg’s real estate development firm says it has acquired the Sears department store attached to the Chesterfield Mall in what could be The Staenberg Group’s first foray into redeveloping the failing mall.
The Staenberg Group (TSG) will also make an offer to buy the rest of the 1.3 million-square-foot mall next month in hopes of redeveloping the facility into a massive mixed-use destination, said Tim Lowe, TSG’s vice president of leasing and development.
...
Officials with Sears did not return requests for comment.
Lowe said TSG envisions an open-air, high-end mixed-use project with residential, office, retail, restaurant, theater, health club and supermarket components. In all, the project would cost more than $100 million, he said.
The development would be similar to Santana Row, an upscale living and shopping district just south of San Francisco, Lowe said. “There’s nothing like it in St. Louis,” he said. “It’s the right real estate in the right market.”
Sears will continue to operate and lease the 170,000-square-foot Chesterfield store from TSG until it moves forward with a redevelopment plan or Sears closes on its own. A purchase price was not disclosed, though the property has an appraised value of $5.3 million, according to St. Louis County records.
Lowe said TSG has had discussions with Macy’s and Dillard’s — two other anchor tenants at Chesterfield Mall that own their respective properties — about similar deals.
C-III Capital Partners, which took control of the mall through foreclosure in mid-2017, put a majority of the mall up for sale in mid-March. No asking price was listed. Prospective buyers have been told to turn in their offers by May 2.
Lowe did not disclose a timeline for redevelopment and construction could still be years down the road. Chesterfield officials said they’d like to see a deal for the mall get done before the end of the year. Even if that were the case, developers would have to draft plans and gain necessary approvals before any dirt could be moved. “This is a complex project and it will take getting the right people together to create something that is
probably a two- or three-year process,” Lowe said.
...
Sears, meanwhile, has started selling off much of its real estate under sale-leaseback agreements. And earlier this month, the retailer said it would auction off its stores attached to Mid Rivers Mall and South County Center. Lowe said TSG will “take a look” at those properties, too. CBL Properties, which owns Mid Rivers and South County malls, is also thought to be a likely bidder and has acquired seven Sears locations over the last two years, said CEO Stephen Lebovitz.
... "
OMG I just looked on eBay... Yeah there are a few between $35 to $45... lol...
