1. Springfield plaza owners say Kmart wasn't in long-term plans anyway

    Springfield plaza owners say Kmart wasn't in long-term plans anyway

    Investors Davenport Companies and Albany Road Real Estate were not banking on Kmart sticking around when they bought Springfield Plaza for $35 million back in 2014. That's good thinking. On Friday troubled retailer Sears Holdings announced it would close the Springfield Plaza Kmart in early October and that a liquidation sale will begin Thursday, July 13.

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    1. Our partnership acquired Springfield Plaza anticipating KMart would not be a long-term tenant.
    2. I guess I'll have to go to Walmart.
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