A Kmart was located on the site and is being completely redeveloped, Boyd says. The back of the building was removed and, while the front façade remains, it was redesigned to make the new center unrecognizable as a former Kmart, he says.
Mattoon Marketplace, which is expected to be open in the fall, is currently more than 50% pre-leased, Boyd says. Leases were recently signed with Dollar Tree, Hibbett Sporting Goods, Wireless Mike's and Cottonwood Financial. Other major tenants will include Cato, Verizon, BW3 and GameStop. The asking lease rate is between $18 and $26 per sf net, Boyd tells GlobeSt.com. Mid-America Asset Management Inc. is handling the leasing of the building.
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