The offered price wasn't disclosed. The store's total estimated size is 320,000 sf based on average 80,000 sf per store, according to GlobeSt.com research.
HomeLife filed for protection from its creditors on July 16 of this year under Chapter 11 of the U.S. Bankruptcy Code. The company is selling off 99 stores in 21 states out of a total 133-store national chain.
The Georgia stores are at 1901 Terrell Mill Road, Marietta, GA; 6800 North Point Parkway, Alpharetta, GA; 2300 Pleasant Hill Road, Duluth, GA; and 815 Barrett Parkway, Kennesaw, GA.
Sears sold 81% of the 22-year-old HomeLife to Citicorp Venture Capital in 1999 for $100 million cash and $10 million of debt, according to published accounts at that time. Citicorp Venture is a division of New York-based Citigroup Inc.
HomeLife had 2000 sales of $680 million making the eighth largest furniture retailer in the United States, according to industry rankings. Sears closed 23 HomeLife stores in 1997.
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