Retail landlords cheer Office Depot, OfficeMax merger

02/21/2013 | Wall Street Journal, The

The planned merger of Office Depot and OfficeMax may result in the closure of some stores, but retail landlords still see it as a positive path to create a stronger chain for the future. "We see this, on balance, as being a good thing for the industry and an opportunity for us," said Drew Alexander, CEO of Weingarten Realty Investors, whose shopping centers include 23 Office Depots and 11 OfficeMax stores.

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