AP Photo/Charlie Neibergall
U-Haul is looking to buy 13 former Sears and Kmart stores for $62 million, court documents show.
These former department store locations will be repurposed into U-Haul storage centers and places to house its fleet of rental trucks.
U-Haul has a policy in place whereby it buys and renovates pre-existing buildings and uses them for new purposes. Earlier this year, it bought a former Macy’s store after it closed down.
U-Haul could make a small dent in Sears’ debt load.
The truck rental and storage company is looking to buy 13 former Sears and Kmart stores for $62 million, according to court documents that were first reported by SpareFoot. A spokesperson for U-Haul said that the company is currently awaiting approval from the bankruptcy court. See the rest of the story at Business Insider
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