The former Sears department store building and auto center sit vacant for now but it is only a matter of time before Simon Properties Group decides what to do with the structures.
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Victoria’s Secret is shuttering a total of 53 stores, after closing 30 last year, to help right-size its operations, L Brands executives said
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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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Ocean State Job Lot, a Rhode Island-based discount closeout retailer, has bought the former Toys “R” Us location for an undisclosed amount in Nanuet.
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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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