Local News

Iconic Sears Store in Midtown Houston Closing Its Doors

By  | 

The iconic Sears Store in Midtown Houston, TX is closing its doors in January 2018. The store located at 4201 Main Street has long been a staple of the landscape of Houston’s Midtown. In an article by abc13.com, Sears shared a statement stating the decision was a difficult but necessary one. “We have been strategically and aggressively evaluating our store space and productivity, and have accelerated the closing of unprofitable stores as previously announced.”

midtown

The Main Street store was the first Sears opened in Houston, and the first store to have an elevator in town shared abc13.com. The Houston Business Journal shared the following statement in regards to the closure, “The store’s 6-acre property has been owned by Rice Management Co., which is responsible for Rice University’s endowment, for more than 75 years, according to a statement from Rice. Last week, Rice Management bought out the remaining 28 years of Sears’ 99-year ground lease and acquired another 3 acres from Sears, per the statement.”

According to the article by abc13.com Sears didn’t share how the employees would be affected but that they would be able to apply for open positions at other stores and “eligible associates will receive severance.”

“The Rice Management Company will initiate a yearlong study to consider options that contribute to the ongoing revitalization of the surrounding community as well as the city’s broader economic strength,” Rice President David Leebron shared in a statement on bizjournals.com.