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Former Toys R Us Landlords, Investors Tussle in Opening Round of Bidding Over Bankrupt Retailer's Store Leases

Updated: Landlords Hoping to Attract Higher Rents and Value Through Redevelopment, Re-Tenanting as 735 Stores Go Dark Across the Country

Benderson Development beat out several bidders, including Federal Realty Investment Trust, in offering $15.6 million for the Toys R Us and Babies R Us store in Emeryville, CA (pictured) near Oakland.

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