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The "Homart" brand name had been used by Sears for many years before the development company was founded. [3] Seminary South Shopping Center in Fort Worth was their first project. [4] [5] By 1971, Homart was operating nine regional shopping locations, and had numerous others in development. [6]
He worked for the Oklahoma Highway Patrol between 2001 and 2004. [2] Between August 2004 and March 2007 he worked as a commercial real estate broker for Trammell Crow Company. [3] He graduated from Bishop McGuiness Catholic High School and Southern Methodist University before marrying Brittney Ann O’Kelley in October 2005. [4]
The 235 properties, mainly Sears and Kmart locations, spread across the country and Puerto Rico, amounted to a total of 37.1 million square feet of space. [27] The strategy of department stores converting their real estate holdings into REITs has been well-used in the current commercial real estate environment. [27]
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Many Sears Grand locations are retrofit remodels of existing Kmart or Sears stores in freestanding locations. They carry an expanded inventory, as compared with full-line Sears Department Stores, and can range from 165,000 to 210,000 square feet (15,300 to 19,500 m 2 ).
The company was a spun off from Sears Holdings in 2012. [5] [7] By May 2019, Sears Hometown and Outlet Stores & its independent dealers & franchisees operated a total of 639 stores across 49 states as well as in Puerto Rico & Bermuda. [8] On June 3, 2019, it was announced that Transform Holdco would acquire Sears Hometown and Outlet Stores.
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