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The Real Deal Miami

Borders closings mean opportunites

July 19, 2011 10:32AM

As The Real Deal reported earlier in the year, the Borders bankruptcy
will have a big
impact on the commercial retail market
, giving an opportunity to
big-box retailers interested in entering South Florida now that Borders
has planned to close its 400 remaining stores nationwide. “These are
very strong locations and landlords are in a much better position
because they will get higher rents and a much better credit tenant than
they did when those deals were made,” said Kerry Newman of Koniver Stern
Group. One retailer who
had expressed interest
 in the locations, of which Borders had 15 in South Florida, was fellow bookseller Barnes & Noble. [SFBJ]