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Jax Daily Record Wednesday, Mar. 6, 201904:00 PM EST

Sears chairman buys the closed Regency Square Mall store

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Eddie Lampert already bought the Orange Park Mall property.

Sears Chairman Eddie Lampert bought the closed Sears store in Regency Square Mall for $4.1 million, which was expected because he purchased the operating Orange Park Mall store Feb. 11.

Sears Holdings Corp. filed for Chapter 11 bankruptcy protection Oct. 15. Lampert won the bid to buy the Sears Holding Corp. assets, including the two properties in Northeast Florida.

ESL Investments Inc., led by Lampert, is buying the Sears assets for about $5.2 billion.

Through TF Jacksonville FL LLC, he bought the almost 200,000-square-foot Regency store and its 18.35 acres at 9501 Arlington Expressway. The deed was recorded Wednesday. The store closed in 2016.

TF Orange Pk LLC paid $7.7 million for the 18-acre Orange Park Mall Sears site at 1910 Wells Road. That store also is about 200,000 square feet.

Sears leases at The Avenues mall.

 

 

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