Sears turns to renting out real estate to make a few bucks
It's sad to watch the demise of Sears and Kmart. The stores near me have empty parking lots, nothing to sell and no customers.
Last week, Sears Holdings Corp. opened its own commercial real estate business under the name SHCRealty.com to sell or lease its thousands of both vacant and operating Sears and Kmart stores and associated properties. The site lists 67 shuttered stores and 3,779 of what Sears calls "operating opportunities" – properties with space available for in-store shops or with adjacent land or space in the parking lot for lease.