The four North Dakota Herberger's stores will be closing. CBL Properties who owns Dakota Square Mall in Minot, and Kirkwood Mall in Bismarck had this statement following the announcement of Herberger's closing.
"We are certainly disappointed with the outcome, but this is an opportunity to continue to evolve our properties through trans-formative anchor redevelopments. We have been monitoring this situation closely and we have been working on contingency plans for each center impacted. We have several replacements under advanced negotiation. We will announce more details when plans are formalized and leases have been executed.
CBL has a long track record of successfully replacing or redeveloping anchor locations. Over the last three years and including projects currently underway, we have executed on over 40 redevelopment projects, transforming underperforming space into retail, dining and entertainment destinations that increase sales and traffic to our properties," says Stacey Keating with CBL Properties.