U-Haul wants to buy closed Sears, Kmart stores

By Russ Wiles | Arizona Republic

Hundreds of Sears and Kmart stores are being closed around the nation, but they won’t all stay empty for long.

Amerco Real Estate, a unit of Phoenix-based U-Haul International, has tentatively agreed to buy 13 of those locations for $62 million from Sears Holdings Corp., pending Sears’ bankruptcy court approval. U-Haul plans to transform them into facilities that customers can use to rent trucks, store belongings, buy moving supplies, attach hitches to their vehicles and more.

Twelve of the stores up for purchase by U-Haul are Kmarts; one is a Sears. None are in Arizona.

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