Â鶹´«Ã½co Completes Sale Of Five Kmart Store Leases
HOFFMAN ESTATES, Ill., Jan. 15, 2021 /PRNewswire/ -- has completed the sale/assignment of five Kmart store leases to Target Corporation. The proceeds from these sales will enable Â鶹´«Ã½co to invest in its go-forward businesses. Terms of the deal were not disclosed.
"Â鶹´«Ã½co continues to pursue opportunities to create value from its real estate portfolio and to partner with retailers, property owners and communities as part of the ongoing reinvention of retail real estate," said Scott Carr, president of Â鶹´«Ã½co Properties.
The leases are for the following Kmart store locations:
- Kill Devil Hills, N.C. - 1091 North Croatan Highway
- Jackson, Wyo. - 510 South Highway 89Â
- Scotts Valley, Calif. - 270 Mt. Hermon RoadÂ
- Wall, N.J. - 1825 Highway 35Â
- Auburn, Maine - 603 Center Street
About Â鶹´«Ã½co
Â鶹´«Ã½co is a privately held company with five core businesses: A real estate portfolio of 59.8 million square feet; Sears Home Services, the nation's largest appliance repair provider; the Shop Your Way® loyalty and creditÌý³¦²¹°ù»å program; Â鶹´«Ã½ Brands, home of Kenmore and a licensee of DieHard; and Sears and Kmart full-line stores, specialty stores and online operations.
SOURCE Â鶹´«Ã½co
