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Transformco Properties is targeting the sites for redevelopment with warehouse, industrial and retail as possibilities for the Regency location.
The new owner of Oakland Mall in Troy has added the former Sears, Roebuck and Co. store at Lakeside Mall in Sterling Heights to his real estate portfolio. Mario Kiezi said plans for the 323,500-square-foot vacant store along Hall Road, one of the busiest retail thoroughfares in Southeast Michigan,…
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By Staff A former Kmart store in Auburn, shuttered since 2019, will get new life as a branch of retailer Target Corp. A lease on the vacant building, at 603 Center St., is one of five transferred from Transformco Properties to Minneapolis-based Target (NYSE: TGT), according to a news release Friday. Terms were not disclosed. On Monday, a Target representative confirmed to Mainebiz that the company has leased the property. Transformco is a private, Illinois-based holding company that acquired many Sears and Kmart stores nationwide after the Sears parent company filed for bankrup...
Transformco Completes Sale Of Five Kmart Store Leases News provided by Share this article Share this article HOFFMAN ESTATES, Ill., Jan. 15, 2021 /PRNewswire/ -- Transformco Properties has completed the sale/assignment of five Kmart store leases to Target Corporation. The proceeds from these sales will enable Transformco to invest in its go-forward businesses. Terms of the deal were not disclosed. "Transformco 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 ...