Which Tenants Will Vie for Borders' Space?

July 31, 2011
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After the Michigan-based retail chain Borders Group Inc. failed to find a buyer to save it from bankruptcy, it announced plans to liquidate its 399 stores around the country. The bookstores began closing on July 22, and are expected to continue closing through September. DJM Realty will be the stalking horse bidder for Borders' remaining assets, and the liquidation process promises to be a grueling one for retail property owners that will begin looking for possible big-box tenants to fill the vacant space.

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