Sears Holdings Announces Remaining Stores Included In Primark Lease Deal

(RTTNews) - Sears Holdings Corp. (SHLD) late last year reached lease agreements with Primark, a leading fashion retailer in Europe, for seven standalone stores in the Northeastern United States. The company previously named five locations and today announced that the two remaining stores will be located at Burlington Mall in Burlington, Massachusetts; and South Shore Plaza in Braintree, Massachusetts. Sears will continue to have a significant retail presence in both of these malls, which are owned and operated by Simon Property Group, Inc.

In Burlington Mall, the Sears store and the detached Sears Auto Center will continue to operate in approximately 196,000 gross square feet on the lower level of this mall. Primark will lease approximately 73,000 gross square feet, predominantly on the second level of the mall.

In South Shore Plaza, the Sears store and Sears Auto Center will continue to operate in approximately 138,000 gross square feet on the lower and second level. Primark will lease approximately 71,000 gross square feet, predominantly on the second level of the mall.

In addition to Burlington Mall and South Shore Plaza, the other Sears locations with Primark as its tenant are Danbury Fair (Danbury, Connecticut), Freehold Raceway Mall (Freehold, New Jersey), King of Prussia Mall (King of Prussia, Pennsylvania), Staten Island Mall (Staten Island, New York) and Willow Grove Mall (Willow Grove, Pennsylvania). All of the space is expected to be delivered to Primark over the next four to eight months.