JACOBSON'S ANN ARBOR REAL ESTATE SOLD TO BORDERS, INC.
JACOBSON'S ANN ARBOR REAL ESTATE SOLD TO BORDERS, INC. JACKSON, Mich., Nov. 13 /PRNewswire/ -- Mark K. Rosenfeld, president
and CEO of Jacobson Stores Inc. (NASDAQ: JCBS), today announced that an agreement has been reached with Borders, Inc. under which Borders will purchase or lease all space currently occupied by Jacobson's at Liberty and Maynard streets in Ann Arbor, Mich.
As previously announced, Jacobson's will relocate to Briarwood Shopping Center in the summer of 1993, having agreed to acquire the existing Lord & Taylor store. -0- 11/13/92 /CONTACT: Paul W. Gilbert, executive vice president and chief financial officer, Jacobson Stores Inc., 517-764-6400/ (JCBS) CO: Jacobson Stores Inc.; Borders, Inc. ST: Michigan IN: REA SU: RLE
SM -- DE017 -- 0690 11/13/92 12:13 EST
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|Date:||Nov 13, 1992|
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