A total 460,000 sf of vacant space is at stake. OfficeMax stores average 20,000 gross sf, according to its Web site.
Deutsche Banc's Michael Baker and Dan Wewer claim the office supplies company will make the announcement during its earnings call today with securities analysts.
The analysts' report claims, "We learned that the company may close all stores in the metro Atlanta area." The report states, "We believe that the continued consolidation of the industry's retail store base helps returns in the sector recover."
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