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ORANGE COUNTY, CA—Until a retailer facing Chapter 11 makes a determination to either assume or reject existing leases, property owners are in limbo and cannot evict the tenant no matter what the lease says, Avison Young‘s principal Jay Maddox tells GlobeSt.com. We have been chatting with several experts in the retail sector about grocery-store chain Haggen‘s recent decision to pull out of California and the Southwest. Here, Maddox gives us his take on how Chapter 11 bankruptcy by the retailer could hit the retail sector.

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