Washington Prime, which owns the Mall at Fairfield Commons and the Dayton Mall, signed an agreement in March to acquire four Sears department stores and four adjacent Sears Auto Centers for $28.5 million. The acquisition is expected to be completed in the second quarter of 2018.
The Sears properties are located at the following centers: Longview Mall, located in Longview, Texas; Polaris Fashion Place, located in Columbus; Southern Hills Mall, located in Sioux City, Iowa; and Town Center at Aurora, located in Aurora, Colorado. No Dayton area properties have been affected.
Sears Holdings closed more than 350 stores in 2017.