HOFFMAN ESTATES, Ill., Feb. 23, 2012 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) announced today a definitive agreement for the sale of eleven Sears full line store locations to General Growth Properties for a purchase price of $270 million. The transaction is expected to close in the next 45 to 60 days, subject to customary closing conditions.
Each of the Sears stores is part of an existing General Growth property. The transaction includes the list of owned and leased stores listed below.
1450 ALA MOANA BLVD
1481 CORAL RIDGE AVE
1201 LAKE WOODLANDS
20 BELLIS FAIR PKWY
1751 MADISON AVE
9405 W COLONIAL DR
1001 APACHE MALL
2000 N NEIL ST
6191 S STATE ST STE 300
2501 W MEMORIAL RD
1200 TOWNE CENTRE BLVD
The stores will continue to operate as Sears locations into 2013 with final closing dates to be determined and announced later this year.
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
SOURCE Sears Holdings Corporation