Simon Property Group paid $23 million for the former Sears building at the Town Center at Boca Raton mall. Seritage, the group selling all of the former Sears properties, sold the 180,029-square-foot department store shell. The store had been shuttered since 2018.
The South Florida Business Journal reports that Sears was built on the 18.6-acre site on the west side of the mall in 1980. While it remains empty, the mall continues to be a going concern.
The Town Center at Boca Raton is about 1.77 million square feet. Macy’s, Neiman Marcus, Saks Fifth Avenue, and Bloomingdale’s all have locations there…