WAUKESHA, Wis.–(BUSINESS WIRE)–Lockard Development announced today that they have purchased the property located at 120 East Sunset Drive in Waukesha, WI, site of the former K Mart store. Plans have been approved for a $14,000,000, renovation of the 115,000 square foot building will also include a 10,000 sf building 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 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, stated “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 January 1st, 2015 with an opening date tentatively scheduled for Fall 2015.
About Lockard
In the 63 years since their founding, Lockard Companies has grown into a nationwide Integrated Real Estate Solutions firm. Lockard has completed over $1.7 billion in real estate transaction in 30 states, and demonstrates excellence, integrity, and humility in all of their client and referral relationships. Lockard’s Integrated Real Estate Services cover the entire spectrum of the real estate life cycle from site selection, ownership structure, project finance, concept and value engineering, to construction management, redevelopment, disposition, and beyond. The 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. For more information, call (319) 277-8000, or visit www.lockardonline.com
About Endeavour Corp.
Endeavour Corporation is committed to pursuing real estate development and urban renewal across the United States. With roots firmly planted in Milwaukee, Wisconsin and a reach from coast to coast, Endeavour approaches real estate development with a passion for each project and integrity in getting deals done. For more information, call (414) 431-0021 or visit www.theendeavourcorp.com