Sears to shutter Boise mall store

Sears is entering bankruptcy protection and will shut the doors on its Boise store, according to CBS News.

The store in Boise is adjacent to the Boise Towne Square Mall and shares an entrance with the general mall area – but the store itself and the land it sits on is owned by Sears Roebuck & Co.

The store and land are valued at $6.5 million according to the Ada County Assessor, with more than 120,000 square feet of space for the store and attached auto center.

A closing sale will be conducted between now and the end of the year.

Most of the mall is owned by Brookfield Properties REIT, Inc., with the exception of the Sears and JC Penney buildings.

Boise Towne Square has seen a rash of empty storefronts in recent months, totaling nearly 20, mostly smaller spaces, with many vacancies centered in the area near Dillard’s.  The mall has been hit by large-scale closures of national retailers including Teavana, Michael Kors, and Gymboree, as well as local retailers like Idaho Camera.

An analysis by Reuters says the closure of Sears stores could present opportunity for malls to revitalize and revamp decaying store locations.

A separate Sears Outlet Store on Franklin is independently owned and not affected by the closure. The Boise Towne Square closure will leave Sears with just one store in Idaho – located in Idaho Falls.

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Don Dayhttp://linkedin.com/in/donday
Don has been covering news in Boise for 20 years. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow.

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