Sears needs to sell more real estate assets: CEO Lampert's fund

Sept 24 (Reuters) - Sears Holdings Corp would have to sell more real estate and restructure its debt, Chief Executive Officer Eddie Lampert's hedge fund said in a regulatory filing, as the retailer looks to avoid bankruptcy.

The one-time American retail giant has struggled to transform its business in the face of declining foot traffic at brick-and-mortar stores and this month again warned about its ability to continue as a going concern.

To stem losses, the debt-laden company has closed hundreds of stores since last year and tried to sell assets.

46 Sears and Kmart locations closing
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46 Sears and Kmart locations closing

935 Sweetwater Road
Spring Valley, CA

1075 Shaw Avenue
Clovis, CA
3625 East 18th Street
Antioch, CA
6310 W 3rd Street
Los Angeles, CA
589 Bridgeport Avenue
Milford, CT
301 College Square
Newark, DE
3231 Chicago Road
Steger, IL

11 South Kings HWY 61
Cape Girardeau, MO

2308 Highway 45 N
Columbus, MS
605 Old Country Road
Riverhead, NY
440 NW Burnside Road
Gresham, OR
101 Great Teays Blvd
Scott Depot, WV
2150 South Douglas HWY
Gillette, WY
Flagstaff Mall, 4800 N US HWY 89
Flagstaff, AZ
Capitola Mall, 4015 Capitola Road
Santa Cruz, CA
2424 Highway 6 And 50
Grand Junction, CO
2266 University Square Mall
Tampa - University, FL
1625 NW 107th Avenue
Doral / Miami, FL
Coastland Ctr, 2000 9th Street N
Naples, FL
Oglethorpe Mall, 7810 Abercorn St
Savannah, GA
2860 Cumberland Mall
Atlanta, GA
100 Mall Blvd Ste 300
Brunswick, GA
1631 E Empire Street
Bloomington, IL
4201 Coldwater Road
Fort Wayne, IN
3000 Mall Road
Florence, KY
1914 Hammond Square Drive
Hammond, LA
50 Holyoke Street
Holyoke, MA
Silver City Galleria
Taunton, MA
1250 Jackson Xing I-94
Jackson, MI
4601 Glenwood Avenue
Raleigh - Crabtree, NC
77 Rockingham Park Boulevard
Salem, NH
1500 South Willow Street
Manchester, NH
4409 Black Horse Pike
Mays Landing, NJ
200 Eastview Mall
Victor, NY
578 Aviation Road
Queensbury / Glen Falls, NY
1400 Union Turnpike
New Hyde Park, NY
2700 Miamisburg Centerville Road
Dayton, OH
9505 Colerain Avenue
Cincinnati - Northgate, OH
11800 SE 82nd Avenue
Happy Valley / Portland, OR
400 Memorial City Way
Houston - Memorial, TX
Post Oak Mall
College Station - Bryan, TX
7453 S Plaza Center Drive
West Jordan, UT
12000 Fair Oaks Mall
Fairfax, VA
8800 NE Vancouver Mall Drive
Vancouver, WA
4720 Golf Road
Eau Claire, WI
Valley View Mall, 4200 US HWY 16
La Crosse, WI

Lampert had earlier said the company should sell its Kenmore appliances brand, home improvement businesses, and real estate, adding that his hedge fund ESL Investments Inc would bid in any sale.

The hedge fund, in the filing made public on Monday, urged the retailer's board to sell $1.5 billion more in real estate and restructure $1.1 billion in debt.

Sears said it has referred ESL's proposal to a special committee exploring the hedge fund's proposal to acquire Kenmore.

Lampert and his fund ESL are the company's two largest shareholders, according to Thomson Reuters data. (Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila and Sweta Singh) 

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