Sears Holds Online Auction to Sell Some Store Locations

  • Apr 11, 2018
  • Marketplace In The News - Investorplace

16 locations are up for grabs

The online auction is taking place on commercial real estate platform, ReaINSIGHT Marketplace. The company currently has 16 retail locations that are up for grabs.

The majority of the Sears stores locations that are up for auction are inside of malls. However, there are a few standalone locations that are for sale on the auction site.

It appears that the Sears stores that are up for grabs are sell and lease back deals. This will have the company selling the locations and then leasing them to continue operating its business in the locations.

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