Sakowitz is selling a store in Tulsa, Okla.
The Houston-based specialty retailer, which in August filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code, will sell the store for $500,000 and other considerations to Kensington Cos., the owner of the shopping mall that houses the operation. Sakowitz attorney Michael Durrschmidt said the sale absolves Sakowitz of up to $1.5 million in liabilities. Meanwhile, Sakowitz has begun liquidation sales at stores in Tulsa; Dallas; Scottsdale, Ariz.; Midland, Tex., and Houston.
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