- Real Estate
- Food & Drink
May 17, 2019
Shopko has decided not to open a standalone optical center on the east side.
The retailer had leased space earlier this year for a 2,815-square-foot space on East 10th Street in the same retail center as Starbucks and Oh My Cupcakes.
The lease was done before to the announcement that all Shopko stores would close this year.
The space was under construction for the past several weeks before Shopko told the landlord the location would not be moving forward.
“This is definitely a unique situation,” said Ryan Tysdal of VanBuskirk Cos., the leasing agent for the retail center. “Shopko has a substantial amount of the interior build-out complete, which could be a benefit to another tenant.”
Tysdal put the space back on the market today.
“It’s a prime end cap with a drive-thru. It’s an idea spot for a tenant like a bank, pharmacy or restaurant.”
Shopko also leased space for an optical center at 41st Street and Kiwanis Avenue. So far, that still seems to be moving forward.
Shopko Stores Operating Co. LLC’s optical business was sold this week to a private investment firm, which was the sole bidder for it. That firm, Monarch Alternative Capital LP, said it plans to relocate about 80 stores this year.
The Shopko store on 41st Street closes Sunday. Earlier this week, an employee at the optical center said it was expected to remain open until the 41st and Kiwanis location is ready.
After starting construction, Shopko has decided not to open a standalone optical center on the east side.