The Kmart store in Oak Ridge is closing in mid-December, and the company’s lease expires in March. It’s too early to comment on prospective tenants, but the property owners have already had quite a bit of interest in that building, a manager said Tuesday.
Kmart has been located on South Illinois Avenue in Oak Ridge for 25 years, said Jim Harrison, manager of Oak Ridge Group Associates, which owns the property.
The owners would love to have Kmart stay and be successful, but now that the company has announced they’re closing the store, with a liquidation sale starting Thursday, Oak Ridge Group Associates is working hard to try to get the property redeveloped or leased again, Harrison said. [Read more…]