NEW YORK CITY-Borders Group Inc.'s bankruptcy filing may provide space for seven retail landowners in New York locality. The giant bookseller is planning to shut down 7 of its 19 stores in the New York region.
The dispositions will dump empty retail space totaling 95,150 square feet in New York City, along with the 31,212-square-foot Borders located at 100 Broadway near Wall Street. Borders flagship stores at Penn Plaza and in the Time Warner building will remain in Manhattan. For the full story, go to Wall Street Journal.
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