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February 17, 2011By Sarah Weinman

Who Else Benefits – Or Suffers – From Borders’ Bankruptcy?

February 17, 2011By Sarah Weinman

In addition to the bankruptcy’s effect on book sales and publishers’ respective bottom lines, Borders’ Chapter 11 filing will have a domino effect on a number of related players, among them: LandlordsPublicly-traded Michigan-based Agree Realty was often cited as being in the most precarious position, because Borders stores made up approximately 20% of their total real estate portfolio (and was as high as 27%). Yesterday Agree released a statement indicating that 5 of the 14 Borders properties it owns (which includes company headquarters in Ann Arbor, up for sale, and two buildings not currently occupied by Borders) are slated for […]

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Filed Under: Bookstores, Finance, Legal, News

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