The purchase of the units by West Northamptonshire Council means they will be demolished.
Work is set to begin on replacing two empty town centre department stores with flats after the council bought the remaining buildings.
Daniel Lister from the council said it was a "milestone in the regeneration of Northampton town centre".The new building will be a combination of accommodation and retail, the council said Northampton's Marks and Spencer store on Abington Street closed in 2018 as part of a savings plan by the retailer.
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