Chicago-based Sears, which is unloading real estate across the country, has sold its Westfield Montgomery Mall store for $73.5 million. The buyer? Westfield Corp., the mall’s owner. If you think this means the Sears store is finally going to close, think again. The Washington Business Journal says a leaseback deal will ensure that business goes on as usual, at least for the short term. For the long term, Westfield isn’t revealing its plans — but we’re betting the Sears space could eventually become the site of a modern home goods retailer like West Elm or Crate & Barrel.
