Borders

Borders' move to close 228 stores while it reorganized in bankruptcy protection already increased the collective vacancy rate of shopping centers that contained a Borders to 9.3% from 4.2%, estimated Chris Macke, senior real estate strategist at CoStar Group, the nation's largest provider of real estate data.

He calculated the liquidation of the rest of the chain could increase the vacancy rate on that same basis to 18.8%..

Source: http://www.usatoday.com/money/industries/retail/2011-07-18-Borders-Bankruptcy_n.htm

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