Anne Delaney, [email protected]
Published 7:13 p.m. CT Nov. 2, 2017 | Updated 7:26 p.m. CT Nov. 2, 2017
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An indication hangs outdoors of a Kmart retailer on March 22, 2017 in Chicago, Illinois.(Photo: Scott Olson, Getty Images)
The Milton Kmart on U.S. 90 is closing, and there are plans to re-purpose the constructing.
The location at 6050 U.S. 90 is one among 45 within the retail chain scheduled to shut in late January, in keeping with a information launch issued Thursday by Sears Holding Corporation, the mum or dad firm of Kmart and Sears shops.
Eighteen Sears are additionally included within the closures, in keeping with the discharge.
In an electronic mail Thursday night, Sears Holdings Corporation Director of Corporate Communications Howard Riefs stated the variety of badociates impacted by the closures was not out there.
A supervisor on the Milton retailer reached by phone declined to provide the variety of workers who would lose their jobs because of the shutdown.
Riefs’ electronic mail stated that almost all of the roles misplaced are part-time positions, and the eligible badociates will obtain severance pay and could have the chance to use for openings at space Sears or Kmart shops.
According to kmart.com, the closest Kmart retailer to the Pensacola space is in Fort Walton Beach. There are two Sears places on North Davis Highway in Pensacola, and two different shops in Crestview and Mary Esther, in keeping with www.sears.com
The Milton Kmart constructing is within the strategy of being offered to a developer for the total listed worth of $four.eight million, in keeping with Mel Moss, a senior vp at NAI Capital, a business actual property and property administration firm in Los Angeles and a consultant for constructing proprietor Andrew Stevens.
“The goal is for Kmart to vacate the building and sign leases with new tenants in a refurbished building.”
Mel Moss, NAI Capital senior vp
Moss declined to provide the title of the developer concerned within the potential sale that can then result in the constructing being re-purposed for 3 tenants.
“It’s in escrow now with a buyer and we’re going through the due diligence,” Moss stated. “The goal is for Kmart to vacate the building and sign leases with new tenants in a refurbished building.”
Moss stated the timetable for the sale to be accomplished is within the spring.
The Santa Rosa County School District bought the vacant Food World, an adjoining constructing to Kmart, in 2016 for $1.45 million with the intention to make use of the constructing as workplace area.
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