Rockland County finance, bankruptcy, environmental, employment
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open.
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Sears in Nanuet will shutter its store but who will be the beneficiary? The store’s closing will leave a major hole in the Shops At Nanuet shopping center but it represents an opportunity for development. Sears owns the 1960’s, 184,522 square-foot building, as well as the 13.54 acreage it sits on.
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