Great news if you’re in the market for 800,000 square feet of warehouse space: the owner of the building in Mississippi where Sears houses is distribution center is reportedly quietly marketing the facility. Why? Where is Sears going? The company that owns the building won’t say, and of course neither will Sears.
We know from local reports that a distribution center in Columbus, Ohio will close by the end of 2014, and so will some repair facilities. However, no one is saying that the Sears distribution center, which is located near Memphis in Olive Branch, Mississippi, is going to close. A representative of the owner is even careful to say that the rather troubled Sears isn’t even necessarily leaving––they’re still discussing a new lease with the company. A Sears spokesperson was careful to say that the company does not “comment on rumors or speculations,” and that the company “remains committed to the greater Memphis community.”
However, with a projected 235 Sears Holdings store closing in the coming months, it would make sense for the company to either close the facility entirely, or to move operations to a smaller warehouse. Maybe just part of the current facility will be rented, just like how the company is taking on retail roommates in many of its stores.
DeSoto Sears Distribution Center Up For Lease [Memphis Daily News]
by Laura Northrup via Consumerist
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