Sears completes sale of 11 stores to General Growth
HOFFMAN ESTATES — Sears Holdings Corp. said it has completed the sale of 11 Sears full-line stores, including one in Champaign, to General Growth Properties for $270 million.
Sears has received the sale proceeds and the stores will continue to operate as Sears into 2013 or 2014 with final closing dates to be determined and announced later this year.
Each of the Sears stores was part of an existing General Growth property. In addition to the Champaign store, the others are located in Hawaii, Iowa, Texas, Washington, Florida, Minnesota, Utah, and Oklahoma
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.