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The old Sears department store building, 5600 Durand Ave., was sold to CBL & Associates Properties Inc. for $325,000.

Chatanooga, TN-based CBL & Associates Properties Inc. is the property management firm that also owns Regency Mall, which is attached to the former Sears.

CBL & Associates announced earlier this month that it will operate under the name Racine Joint Venture II, LLC, a Delaware Limited Liability Company, and lease the property to Dunham’s Sports, according to a story by the Journal Times.

Steve Sander, executive vice president and chief store operations officer for Dunham’s Sports, indicated that the long-term lease was signed on Monday.

The store is expected to open in early November, much larger than the Troy, Mich.-based company’s typical store of 55,000 to 60,000 square feet.

Denise Lockwood has an extensive background in traditional and non-traditional media. She has written for, the Milwaukee Business Journal, Milwaukee Magazine and the Kenosha News.