Kmart Exiting 1M SF in Central Florida

ORLANDO-When Kmart walks away from about one million sf of leased space in a seven-county Central Florida market in 90 days, the vacant premises probably won’t be looking at a line of immediate prospective tenants, area retail industry analysts tell GlobeSt.com. The stores average 100,000 sf for the Kmart’s scheduled to close following approval by the U.S. Bankruptcy Court.

The locations are: Orlando–3228 E. Colonial Dr.; 2620 N. Hiawassee Rd.; 4140 Town Center Blvd; in Apopka, FL–2302 Semoran Blvd.; in Kissimmee, FL–2220 Irlo Bronson Hwy.; in Ormond Beach, FL–1458 W. Granada Blvd.; in Rockledge, FL–282 Barton Blvd.; in Winter Haven, FL–2008 Eighth St.; and in Lakeland, FL–4275 U.S. 98.

Although not high-tech in design, the Kmart-leased buildings won’t have to be retrofitted expensively to cater to local tenants but at the same time, the structures will present critical leasing decisions from owners.