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Articles about lease: July 6, 2008

Best Buy moving in at 17 CompUSA locations

by Robert Nelson on May 3, 2008 at 10:27 PM

As if the CompUSA saga has not been dragged out enough. The stores were being closed, then some were snapped up by Tiger Direct and now we are learning that yet another big-box retail giant will be assuming some of the remaining locations.

Reports are claiming that Best Buy has snapped up 17 of the CompUSA retail location leases, which range from three years up to fourteen years for a total of $13.5 million. It seems like CompUSA may have gone away, but instead of something new and exciting coming in return, it appears to be just more of the same standard electronic retail locations.

Best Buy is planning on opening a mix of new Best Buy and Pacific Sales stores at these locations over the next two years.

Via [Twin Cities BizJournals]




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