Lockard Development announced on Monday it has purchased a former Kmart store property located in Waukesha at 120 E. Sunset Drive.
Plans have been approved for a $14 million renovation of the 115,000-square-foot building, which also will include a 10,000-square-foot addition and two new out-lots.
“We are excited to be renovating a space that has been a blight on an otherwise bright community,” said Robert Smith, president of Cedar Falls, Iowa-based Lockard. “Lockard has signed leases from two major retailers for the facility, Dollar Tree and Xperience Fitness, and we strongly believe we can bring a tenant mix to Sunset Crossing that will complement the local economy.”
Randy Roth, president of Endeavour Corp., Lockard’s development partner on the project, said, “This area of Waukesha is seeing tremendous investment by retailers like Meijer, and now Dollar Tree and Xperience Fitness. We are grateful for the cooperation of the City of Waukesha, and we are excited to announce more new retailers in the months ahead.”
Construction is slated to begin Jan. 1, with an opening date scheduled for the fall of 2015.
Lockard team is a group of professionals who are passionate about delivering innovative and remarkable solutions for all of their clients. Lockard is headquartered at 4501 Prairie Parkway in Cedar Falls, Iowa.