The Sears Redevelopment Portfolio is a collection of three properties with potential to create value through conversion into alternate uses.
The portfolio is currently comprised of a 120,000 square foot department store in Cambridge, MA located within the Cambridgeside mall and a 141,000 square foot department store in Centennial, CO within the Streets at SouthGlenn Shopping Center. The properties provide the potential to create office, life science, or residential uses. The portfolio initially included a 322,000 square foot distribution center in a gentrifying submarket of Pittsburgh, PA that was sold in August 2019. The Sears Redevelopment Portfolio provides an opportunity to acquire income-generating properties in high-quality markets with the ability to create significant value through redevelopment.
