12
Mar
Washington Prime Group buys Sears properties – including one in Columbus – for $28.5M
Washington Prime Group has bought four Sears stores, including one in Columbus, to set the stage for eventual redevelopment.
The Columbus-based real estate group (NYSE: WPG) has signed a definitive agreement to acquire four Sears department stores and four Sears Auto Center properties for $28.5 million in a transaction that should close in the second quarter of the year.
The Columbus store is at Polaris Fashion Place.
The purchases, the company said in a statement, pave the way to redevelop the…
Source: Arizona Business Journal
