However, some of the discussion in real estate circles in Fairfield County was that the company's troubles could bring some much needed space back on the market. On Thursday, Priceline licensees Priceline Web House Club and Perfect Yardsale Inc. were going out of business. Priceline Web House Club offered groceries and gasoline, while Perfect Yardsale offered used merchandise to consumers on Priceline.com's Web site.
Priceline.com officials released a statement to calm investors' fears and explained that the company is still very strong and exploring new opportunities despite the licensee closings. However, the company did not return phone calls for comment by GlobeSt.com on the real estate ramifications the two licensee closings would have on the firm.
Real estate sources told GlobeSt.com that Priceline Web House Club earlier this year signed a series of lease transactions at the former Greenwich American Centre totaling approximately 130,000 sf. The firm occupies space in two buildings at the 605,000-sf complex that at one time was the home of the American Can Company. Brokers, who asked not to be identified, said that this space may become available on the sublease market now that the company plans to shut its doors in the next 90 days.
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