Soon the deal with PBGC will be complete and properties will be allowed to be sold
In michiga, within a 20 mile distance from each other we gave 3 mall anchors in that ring fenced deal all lease stores
Sears Fairlane- Dearborn
Ford Motor already took over part of this mall and turned into offices for 1800 employees. I heard Ford Motor bought the entire mall property, is that true?
Sears-Westland Shopping Center-Westland - already has a giant closed MACYS that’s been vacant a year- heard there is asbestos problems
Sears-12 Oaks- Novi - a vibrant mall and sears is huge in this mall. Haven’t heard much about this location-anyone on this board work there?
I think there are 6 other michigan stores in the original 138 properties
Wonder how and when this will play out and since eddy doesn’t have to pay into pension for 2 years, is this the timeframe given to eddy to sell properties
Will eddy put these properties in his REIT Seritage Growth Properties?