Real Estate Notes
October 27 , 2003
Blue light special
The former Kmart Corp. distribution warehouse in Forest Park has been sold.
Solution Property Group LLC purchased the 220,000-square-foot facility at 5290 Old Dixie Highway for an undisclosed sum, said Mal Hill, a partner with Solution Property Group. The building cost Kmart $10 million to develop a decade ago.
" There's $17 million worth of conveyance systems Kmart put in there that we're going to have to remove," Hill said. The empty building will be marketed for lease, he said.