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Retail landlords scramble to fill holes left by Borders

from CoStar Group

The larger publicly traded retail landlords are generally bullish on their prospects for refilling stores that will go dark as a result of the Borders Group Inc. bankruptcy liquidation. However, the closing of an additional 396 Borders stores, the second major retail chain bankruptcy of 2011 following Blockbuster — will leave a gaping hole in many centers, along with an additional 7 million square feet of vacant retail space across the country. more


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