Former Kmart has new owner

July 24, 2018

Stan Houston Equipment Co. is moving into the former Kmart at 3020 W. 12th St.

At 75,000 square feet, it will more than double the capacity for Stan Houston, which is located not far away at 501 S. Marion Road.

Kmart closed in the spring of 2017.

“We pursued the property when it first came on the market for lease, and at that time the company wasn’t selling the former Kmart locations,” said Gerald Teunissen of Bender Commercial Real Estate Services, who represented Stan Houston.

That changed earlier this year, and Stan Houston closed on the property today.

“So we’ve been after this for quite a while,” said Teunissen, adding the company likes the West 12th Street location and the size of property for parking equipment.

Stan Houston carries a range of products for purchase and rental including tools, construction equipment, generators, landscaping equipment, heaters and safety equipment.

“This will more than double their size, and we think it’s going to give them the sort of visibility that will really positively impact their business,” said Scott Blount of Lloyd Cos., who represented the seller.

The hope is to move in next spring, Teunissen said.

“They’re evaluating what they can do and what each part of the building will represent as far as retail sales and rental equipment and everything they have,” he said.

Former Kmart has new owner

Stan Houston Equipment Co. is moving into the former Kmart at 3020 W. 12th St.

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