Success in the deal to acquire 11 Sears (SHLD +18.7%) store locations for the buyer, General...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Success in the deal to acquire 11 Sears (SHLD +18.7%) store locations for the buyer, General Growth Properties (GGP +2.8%), hinges on one property. Analysts say $250M of GGP’s $270M purchase went toward the store in Ala Moana Center in Honolulu; other anchor stores GGP has bought in the past year ranged from $2.5M-$30M, making Ala Moana a massive purchase.