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07-12-2009, 09:55 PM #1
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Celente Nails It AGAIN - Ghost Malls Coming
‘Ghostboxes’ haunt communities across U.S.
As big retailers go under, consolidate, blight is monument to lost jobs
With the recent spate of bankruptcies and store closures, including Circuit City and Linens ’N Things, more abandoned buildings like this Sportsman's Warehouse in Allen Park, Mich., will be added to a struggling commercial real estate market.
updated 5:48 p.m. ET, Mon., July 6, 2009
BISMARCK, N.D. - Hundreds of anxious shoppers watched as city officials used power saws to cut 2-by-4s during Home Depot Inc.’s ribbon-cutting ceremony for its 102,700-square-foot building center in Bismarck. Less than three years later, the home improvement retailer shuttered the underperforming store, leaving a big orange empty eyesore on the outskirts of town.
The building, sitting derelict and silent on acres of asphalt, is now listed for sale at $10.5 million. But there’s been little interest in the near windowless warehouse-like building that occupies a lot the size of a dozen football fields.
For potential tenants “it’s a hard pitch because for most uses it seems to be a bit of a tough fit,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Oklahoma House passes bill making illegal immigration a state...
04-19-2024, 05:14 AM in illegal immigration News Stories & Reports