Heard that liquidators were in Short Pump, VA today preparing to bid on inventory. The property was sold to a Insurance company last week due to the CAB fallout.
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Probably just the company hired to do inventory doing...... GASP....... the inventory.
Just because it's connected to a mall does not mean that the retailer doesn't own the property. Sears owns or did own a lot of their mall locations before spinning a bunch of them off. I would compare it to owning a condo, townhouse, or duplex. You can own part without owning the whole.
Cabela's does not own all it's properties...take a look at Grand Junction. That store is connected to a large mall, much like a Sears, Macy's, or Penny's might be.
That's interesting, the insurance company bought the entire land surrounding and including the spot Cabela's and Wegman's sits on for 74 million dollars? I thought all the stores owned the land they sit on, through the real estate division of Cabela's we were taught in outfitter training? If they stay, that would be interesting to see what the rent will be?
How many other stores have been sold? Anyone know by chance.
http://richmondbizsense.com/2017/06/13/wegmans-cabelas-anchored-short-pump-center-sells-for-74m/
Please elaborate on this