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Mar
By Marlene Kennedy/For The Leader-Herald If you’ve wondered why the old two-story Sears space at Colonie Center still sits vacant, 4 1/2 years after the store closed, here’s the reason: It’s on a list of properties to be sold off by owner Seritage Growth Properties. Seritage, a publicly traded real estate investment trust, or REIT, based in Manhattan, owes its existence to the store and others like it nationwide, which were bundled together in 2015, bought for $2.5 billion, and then leased back to Sears in an attempt to help the retailer stay afloat. Today, Seritage has a stake in…