Both the Wall Street Journal and Business Insider reported on Wednesday that the Sears store at Richland Mall in Ontario is up for sale.
The local operation is one of 16 across the country which will be auctioned online, according to the article. This does not necessarily mean that the retailer itself will close here, however, as the article indicates that this could be a “sale and lease back,” in that Sears would be open to paying rent at each purchased location.The auction site Real Insight Marketplace has the building listed. According to the site, it occupies 131,685 square feet; “indicative bids” are due on May 1.
Click here to view the listing online.
Be sure to turn on the sound!
