Rob Roberts | KCBJ
A former household furniture outlet in Olathe is about to turn into a household furniture outlet once again.
The Wintertime household, which owns Household furniture Shopping mall of Kansas areas in Topeka and Lawrence, programs to open up a 3rd mall at the former Benchmark Home Furnishings intricate at Kansas City Highway and Renner Boulevard.
Win LLC, a partnership created by the family members, has a contract to purchase a 160,000-square-foot building at 2125 E. Kansas City Street for the new household furniture mall. The partnership seeks $ nine.3 million in industrial bond financing from Olathe to acquire a income tax exemption on building supplies utilized in the building’s renovation. In accordance to its IRB application, the furniture outlet will make use of about 155.
NorthPoint Growth is offering the constructing. Early this calendar year, NorthPoint purchased the 160,000-sq.-foot creating and a 240,000-square-foot developing that have been previously portion of the 700,000-square-foot Benchmark Residence Furnishings Complicated. One more constructing in the sophisticated was bought in 2006 to Ingersoll-Rand Co. Ltd.
Related: NorthPoint will redevelop lengthy-shuttered Benchmark complex
The two structures NorthPoint acquired have stood vacant for almost a decade. Benchmark announced that it was promoting its three-creating retail and distribution complex in 2006, a pair of many years following Nebraska Furnishings Mart entered the Kansas Town-region marketplace.
NorthPoint CEO Nathaniel Hagedorn said he expects to announce a lease quickly for all of the 240,000-sq.-foot developing.
Phillip Algrim and Kevin Wilkerson of Jones Lang LaSalle have been advertising the former Benchmark structures for NorthPoint.
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