Almost 3,600 retail stores are slated to close this year, including hundreds of big boxes and department stores
In the aftermath of the Great Recession, it became a common strategy for healthcare providers and healthcare real estate (HRE) firms to repurpose the buildings of failed big box and department stores. The bankruptcies of Circuit City, Linens & Things, Blockbuster, Borders and other retail chains dumped hundreds of large (50,000 to 200,000 square foot) spaces on the market — just as providers were warming to the idea of the retailization of healthcare.
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