Borders Bankruptcy Good News for Some, Bad News for Others

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Borders Inc. which has recently filed for bankruptcy protection is closing about 200 out of 642 of its stores nationwide. This represents about 30% of its total number of stores. This has inevitably made some prime real estate vacant. In metro Atlanta, for example, where 5 Borders stores will be closed, the property previously occupied by them is expected to be filled relatively quickly.

The five stores are located at 3101 Cobb Parkway in Atlanta, 1605 East-West Connector Road in Austell, 1705 Mall of Georgia Blvd. in Buford, 605 Ernest W. Barrett Parkway in Kennesaw and 3630 Peachtree Parkway in Johns Creek. In addition to these five, Borders has already closed two other stores earlier.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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