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Circuit City just announced that it will be liquidating all of its stores. OLP has six properties leased to Circuit City. We should expect that Circuit City will reject those leases leaving OLP with six vacant properties. This could potentially lead to impairment write downs and costs for maintenance, insurance and security services for the period required to find new tenants for the stores. Hopefully management will provide information on these risks soon.

http://www.marketwatch.com/news/story/circuit-city-plans-liq...
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