Mid-America Real Estate-Wisconsin completed its fourth Shopko sale collaboration with CORTA Development, this sale closing in Onalaska, Wisconsin.
Earlier, Mid-America’s Asset Advisory team assisted CORTA with vacant department store acquisition and redevelopments in Fond du Lac, Sheboygan and West Bend, Wisconsin, all of which are in various stages of redevelopment.
In August of last year, the Onalaska Plan Commission approved a zoning change around the former Shopko building, part of the East Towne Plaza, from mixed-use community to regional business property.
The rezoning allowed for the interior and exterior improvements to the existing structure along with necessary approvals to build new construction for both Ulta and Five Below. Construction of the redevelopment commenced in January of this year and is slated to be completed before the end of the year with the retailers planning holiday season openings.
