Two St. Louis area Sears stores up for sale

  • Apr 11, 2018
  • Marketplace In The News - St Louis TodaySears is working with Real Insight Marketplace to auction off the properties along wit

Two Sears stores attached to Mid Rivers Mall and South County Center are up for auction as Sears looks to unload some of its real estate assets.

Sears is working with RealINSIGHT Marketplace to auction off the retail properties along with 14 other Sears locations around the country, including the Sears attached to Battlefield Mall in Springfield, Mo., and a freestanding Sears in Cape Girardeau. Cushman Wakefield is brokering the properties.

The stores will be auctioned off May 22. The Wall Street Journal first reported the auctions and said approximately 200 investor groups have expressed interest in bidding on the properties.

Both Mid Rivers Mall and South County Center are owned by Tennessee-based CBL Properties. According to the RealINSIGHT Marketplace offerings, both Sears stores at those malls are profitable.

CBL has acquired seven Sears locations over the last two years, said CEO Stephen Lebovitz.

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