I read in a filed document somewhere that Sears had over 800 Stores when it filed for bankruptcy. And all except the 425 being sold to ESL is being liquidated - and I am presuming that some of these properties are owned by Sears.
Docket # 1 shows that the Debtors had almost $ 7 B in Assets at Bankruptcy and ESL’s Bid of $ 5.2 B does not equal buying all of these Assets.