Kmart
DealPoint Merrill Pays $4M for Former Kmart in Iowa
The new owner plans to repurpose the asset into a Class A self storage facility with 1,125 units.
Rare Inland Empire Distribution Center Up for Lease
CenterPoint Properties selected CBRE to market the 1.6 million-square-foot facility in Ontario, Calif.
CenterPoint Properties Closes Blockbuster Deal
The off-market acquisition of 5600 E. Airport Drive in Ontario, Calif., marks one of the largest single-asset industrial transactions to close in Southern California in 10 years.
ICP Buys Former Kmart Building
The company has obtained a $2.1 million loan from Home Savings Bank to acquire and redevelop the 89,300-square-foot property in Garfield Heights, Ohio.
U-Haul Converts PA Retail Into Storage
The company has repurposed a 178,963-square-foot vacant Kmart store in Indianapolis. The facility now includes almost 600 self storage units.
ICP Acquires 1.4 MSF Ohio Distribution Center
Located on the outskirts of Youngstown, the asset is the fifth such facility acquired by the investor from Sears or Kmart.
How Sears’ Bankruptcy Filing Will Influence Retail
While some malls may be hit hard, others will look to redevelop the anchor spaces with different uses, such as apartments, hotels, restaurants, offices and entertainment offerings.
Kidder Mathews Hires New Sacramento SVP
With more than 30 years of industry experience, John Austin contributed to the development of several major shopping centers, while also negotiating more than 800 transactions.
U-Haul Purchases Western CO Retail Building
The property, featuring more than 85,000 square feet of space, was formerly occupied by a Kmart which closed its doors in March.
Anchors Away! The Good News About Big-Box Closings
Why the departure of a department store can present a golden opportunity—and how to make the most of it.