As Sears and Toys R Us close their stores and their properties go up for auction and their doors close, Mall owners are looking for to sell once profitable malls and finding few takers. Sellers are looking for out of the box thinkers to repurpose outdated and obsolete real estate buildings. In recent years we have seen an increase in the number of sellers turning to the auction method for properties that have laid dormant for five, ten and even fifteen years. As the highest and best use for properties changes and the construction costs remain high, buyers are looking to re-purpose old retail stores into warehouse, distribution and multi-family.
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