While I was skeptical of this move at the time, it appears to be a success and a model that Bon-Ton Stores (and others) may look to emulate. A group consisting of DW Partners, and real estate firms Namdar Realty Group and Washington Prime Group proposed a $128 million acquisition of Bon-Ton. According to 2017Q4 reports published by Washington Prime Group, Bon-Ton represents 2.5% of their total Gross Leasable Area (GLA) portfolio or approximately 1.5 million square feet. The loss of an anchor tenant with as much GLA as Bon-Ton would significantly impact the Washington Prime Group. While Namdar, Washington Prime, and DW Partners bid to save Bon-Ton, other parties want the retailer to liquidate their assets.

Source: Forbes April 11, 2018 14:15 UTC