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Possible Buyer for Borders Stores

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Today news emerged that the Gores Group, a private equity firm, might be looking to buy as many as half of Borders' remaining stores out of bankruptcy, according to The Wall Street Journal. When the chain first filed for Chapter 11, many retail real estate insiders felt that the Borders locations slated for closing were good enough to be snapped up by alternate users.

It's clear that the Gores Group, which according to some sources specializes in distressed properties, thinks Borders' real estate is worth something as well.

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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...
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