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No, this was true when Sears was viable retailer. They owned very valuable properties in malls. But the process of destroying the retail portion of the compan
by wvenable 8y ago
No, this was true when Sears was viable retailer. They owned very valuable properties in malls. But the process of destroying the retail portion of the company to extract value from the real estate actually devalued the property. Sears was the anchor that made a lot of that property valuable in the first place.
- reaperducer 8y agoStores don't own locations in malls. The mall owners lease that space to stores.
- wvenable 8y agoSears owns a huge amount of the property -- remember they've been at this for over 100 years.