At least 2 huge mall homeowners Simon cluster and General Growth Properties, that itself simply emerged from bankruptcy protection –- have requested to seem within the Borders bankruptcy case, so as to represent their interests. (A reader points out that another property company, Agree Realty, has said concerning twenty seventh of its annualized base rent comes from Borders cluster.)
General Growth conjointly disclosed during a court filing that it's a landlord for 3 dozen Borders-owned stores, or quite five-hitter of the company’s total store count. Borders said it plans to shut concerning half-hour of its store network, though it hasn’t however disclosed which of them.
The bankruptcy method permits firms to interrupt their onerous store leases, that are a selected downside for Borders. The company’s lengthy leases has hamstrung the unprofitable book retailer. however whereas breaking leases is nice for Borders, the moves conjointly are an enormous headache for the landlords.
General Growth disclosed an inventory of stores that Borders could be a tenant. Here it is.
- Property
- Alderwood
- Bayshore Mall
- Boise Towne Square
- Chapel Hills Mall
- Mall of Louisiana
- Northridge Fashion Center
- Park City Center
- Park Meadows
- Park Place
- Pinnacle Hills Promenade
- Providence Place
- Southland Center MI
- Southwest Plaza
- Stonestown Galleria
- Village of Merrick Park
- West Oaks Mall
- Salem Center
- Silver City Galleria
- Staten Island Mall Phase I
- Steeplegate Mall
- The Mall in Columbia
- Three Rivers Mall
- Valley Plaza Mall CA
- White Marsh Mall
- Chapel Hills Mall
- Pine Ridge Mall
- The Boulevard Mall
- The Boulevard Mall
- Colony Square Mall
- Eastridge Mall WY
- Lakeside Mall
- Oxmoor Center
- Pine Ridge Mall
- Washington Park Mall
- Westwood Mall
- Woodbridge Center