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TROY, MI-Bids are due on or before June 7 for any of the 283 Kmart properties forsale in 40 states and Puerto Rico. The discount retail chain is selling the stores aspart of its Chapter 11 bankruptcy filing.

DJM Asset Management LLC, and its marketing partner ChainLinks Retail Advisors Inc., have advertised the real estate auction for the properties. Long-term leases and purchase options are available for the freestanding, strip center and mall locations, in sizes from 39,797 sf to 207,125 sf.

The auction will be held June 18, with a sale hearing date on June 28. Bid packages are available on the www.djmasset.com web site.

Kmart has received court approval to close the stores across the country, including 270 discount stores and 12 SuperCenter retail outlets in 40 states, and one store in Puerto Rico. Store closing sales are underway and will continue, depending on thelocation, for about another month, company officials say.

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