Michigan’s Last Kmart Store Has New Owner

/in , /by

The site of Michigan’s last Kmart store near Battle Creek has a new owner. B. Riley Real Estate bought the former Kmart for an undisclosed amount. Prior to the store’s closing, it was a strong retail performer. That, coupled with the future growth of Marshall’s market and the planned Megasite development initiative attracted the buyer. The 86,479 square-foot building is in the Marshall Plaza shopping center and less than three miles away from Marshall Megasite, an industrial development. The developer plans to bring a mix of national retail tenants to the site.