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Office Depot-OfficeMax Could Present Opportunity

Two retail experts from CBRE talk about the Office Depot-OfficeMax merger, potential stores closings and other retail real estate trends.

By Ian Ritter | Updated on June 12, 2013

One of the main things on the minds of retail real estate professionals is how the sector will be impacted by store closures from the merger of Office Depot and OfficeMax. Two retail professionals from CBRE give their take on the matter. Naveen Jaggi, senior managing director, retail services: retailer representation,  Americas; and Todd Caruso, senior managing director, Retail Agency, recently spoke to us, and said the closures won’t necessarily be a bad thing for retail real estate landlords. They also gave their take on other trends in the sector.

GlobeSt.com: Do you think the large waves of store closures are over and what is your take on how landlords will handle the Office Depot-OfficeMax merger?

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