Mall owner blindsided by Sears closing
Metrocenter owner Shervin Mateen hardly expected the news he received a couple days after Christmas — the mall’s original and last remaining anchor would be shutting its doors for good.
“It’s very shocking,” he said in light of the improving sales mall merchants had been reporting this holiday season compared to previous years.
“Sales were increasing and then we hear the news Sears is closing,” said Mateen, CEO of mall owner Cannon Commercial, in an interview last Tuesday.
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