Thursday, 21 July 2011

Borders Closures Hurt Retail Real Estate Market as Vacancies Near Record

Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet (585,000 square meters) as the industry struggles with near-record vacancy rates and stagnant rents. DJM Realty LLC plans to auction 259 Borders leases in two separate sales, likely ...

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