ROCK HILL, S.C. — Although the Kmart in Rock Hill is on the list of store locations to be closed by Sears Holding Corp., a Charlotte developer is way ahead of the game.
Charlotte-based Madison Capital Group bought the site and building for $6 million late last month with plans to turn the 12-acre site on Cherry Road into a mini mixed-use center.
[ALSO READ: 46 Sears, Kmart stores to close nationwide in November]
“We’re trying to grow our presence in Charlotte” and the region around it, says Ryan Hanks, CEO and founder of Madison Capital.
The Kmart building will be converted into a Go Store It storage center.
“We’ve done several conversions in the past,” Hanks says. Other locations are new construction.
Read more about plans for the site here.
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