Development authority acquires Sears
(Mar 01, 2012)
The Westminster Economic Development Authority on Feb. 29 closed on a deal to acquire the Sears property at the former Westminster Mall site.
WEDA purchased the 7.9-acre property from Sears Development Company for $4.2 million. Sears will remain on the property until the end of June, at which time the store and auto center will be demolished in anticipation of the redevelopment of the 105-acre site.
The remaining businesses at the former mall - JC Penney, Olive Garden, Brunswick Zone, U.S. Bank and Dr. Lamont McMurtrey, DDS - are all open and plan to stay open for the foreseeable future.
More details on the purchase, plus complete information on the redevelopment plan, is on the Westminster Center website.