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Landlord Snags New Tenants for Old Kmart

EDMONDS, WA-The 99,200-sf space formerly occupied by the troubled retailer at 22511 state Route 99 becomes home to the Westminster, Calif.-based 99 Ranch Market and Rite Aid.

By Gina Binole | Updated on August 20, 2002

EDMONDS, WA-The former Kmart site here is the first to snare new tenants.

Nat Franklin, owner of the 99,200-sf site at 22511 state Route 99 and the former Kmart space at 15015 Main St. in Bellevue, Wash., declined to tell GlobeSt.com the specifics of the deal. But he says the primary term’s in excess of 15 years.

99 Ranch Market has leased 77,000 sf, and Rite Aid has inked a deal to occupy 22,000 sf. The grocer, which also has one other state store in Kent, likely will sublet about 20,000 sf of space it does not intend to use.

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