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A downtown Cedar Falls landmark, the former Rock Island Depot at 422 Main St, has been purchased by a Waterloo financial services firm. Dan Fenci, the operator of ICM Financial Services at 1209 Dundee Ave. in Waterloo, purchased the historic former railroad depot.
Located on the Main Street Parkade, and most recently occupied by Regions Bank, a two phase restoration is in the works with phase one consisting of
Lockard announced a new anchor tenant for Sunset Crossings in Waukesha, WI. Off/Aisle by Kohl’s, an outlet store stocking discounted merchandise previously returned to Kohl’s stores and Kohls.com, will occupy approximately 25,000 sf of the redevelopment of the former Kmart building.
“Sunset Crossings is pleased to have the Off/Aisle by Kohl’s concept as part of the center and we look forward to its opening,” said Robert Smith, Jr., SIOR, CCIM, president of Lockard. “It is very exciting to be a part of Kohl’s rollout of this new concept, especially in their home state. We are also in negotiations with other regional and national retailers and will have future announcements very soon.” Construction of the space has begun, and Kohl’s is planning a March 2016 opening.
Lockard has announced a new 120,000-square-foot “power center” retail strip mall for the growing East Viking Road retail area.
Located on about 11 acres at Prairie Parkway and Brandilynn Boulevard, east of Wal-Mart, the power center is part of the 15-acre development named Pinnacle Prairie South Phase IV. Pinnacle Prairie South Phase IV includes two other lots for commercial or office development.
The center will fill a need by adding retailers not yet in the market or who need to reposition in the market. Dustin Whitehead, CCIM of Lockard is representing the seller, Merrill Oster, and will serve as leasing agent for the developer, The Bluff Pack LLC, after the sale has been closed.
