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March 21, 2018  

Sears Offers Sale-Leaseback Deal

Sears wants to sell and lease back 16 stores at malls across the Midwest and Texas.The 2.8 million-square-foot portfolio has an estimated value of $100 million. Investors can bid on the whole package or any combination of properties.Terms of the leaseback would be negotiated with buyers. Some investors might view the properties as future repositioning opportunities.Cushman & Wakefield is handling the offering for Sears, which like many...

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