Connect With Us


Landlords Prefer Mergers to Liquidations


Although retail landlords realize that the Office Depot/OfficeMax deal will likely hit them where it hurts, with potentially hundreds of store closures, they view it as the best alternative for the troubled chains, according to an article in the Wall Street Journal. The reason? If the merger didn't happen, they would be anxiously looking for news of bankruptcies and liquidations--meaning even more store closures, within a shorter period of time.

According to the Journal:

Landlords see the benefits of a deal that would produce a stronger combined company.

"Both companies have had their issues, and we certainly think that a combination makes for a stronger business," said Drew Alexander, chief executive of Houston-based Weingarten Realty Investors, WRI +0.87% which counts 23 Office Depots and 11 OfficeMaxes in its 292 U.S. shopping centers. "We see this, on balance, as being a good thing for the industry and an opportunity for us."

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.


Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×