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Press Release

Sears Holdings Announces Completion of $270 Million Sale of Eleven Sears Stores to General Growth Properties

Apr 17, 2012

HOFFMAN ESTATES, Ill., April 17, 2012 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) announced today the completion of the sale of eleven Sears full line store locations to General Growth Properties for $270 million. Sears has received the sale proceeds and the stores will continue to operate as Sears locations into 2013 or 2014 with final closing dates to be determined and announced later this year.

Each of the Sears stores was part of an existing General Growth property.  The transaction included the list of owned and leased stores listed below.

1450 ALA MOANA BLVD

Honolulu

HI

Leased

1481 CORAL RIDGE AVE

Coralville

IA

Owned

1201 LAKE WOODLANDS

The Woodlands

TX

Owned

20 BELLIS FAIR PKWY

Bellingham

WA

Leased

1751 MADISON AVE

Council Bluffs

IA

Leased

9405 W COLONIAL DR

Ocoee

FL

Owned

1001 APACHE MALL

Rochester

MN

Leased

2000 N NEIL ST

Champaign

IL

Leased

6191 S STATE ST STE 300

Murray

UT

Owned

2501 W MEMORIAL RD

Oklahoma City

OK

Owned

1200 TOWNE CENTRE BLVD

Provo

UT

Owned

About Sears Holdings Corporation
Sears Holdings Corporation is one of the largest broadline retailers with over 4,000 full-line and specialty retail stores in the United States and Canada.  Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, consumer electronics and automotive repair and maintenance.  Sears Holdings is the 2011 ENERGY STAR® Retail Partner of the Year.  Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands.  It also has the Country Living collection, which is offered by Sears and Kmart.  We are the nation's largest provider of home services, with more than 11 million service calls made annually.  Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation.  For more information, visit Sears Holdings' website at www.searsholdings.com. Twitter: @searsholdings | |Facebook: http://www.facebook.com/SHCCareers

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

 

SOURCE Sears Holdings Corporation

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