In 2015, Sears Holding Corp. sold more than 230 of its Sears and Kmart stores to a spinoff called Seritage Growth Properties.
Now some of those former Sears retail sites are being successfully developed by Seritage into new usages, including commercial, residential and retail.
For example, Seritage (NYSE: SRG), the New York-based real estate investment trust, is redeveloping a former Sears store in Santa Monica, California, into a modern office and retail development, according to L.A. Biz.
