CHICAGO (September 13, 2012) – SRS Real Estate Partners (SRS), announed today that it has been awarded the disposition of Shopko outlot property in Freeport, Quincy, Tuscola, Dixon and Belvidere, Ill. The five outlots range from 21,998-square feet to 82,853-square feet.
With nearly 350 stores, Shopko is one of the nation’s largest retailers focused on serving the needs of smaller communities. Shopko has been dedicated to providing customers with quality merchandise and services at prices that communicate value since 1962. Shopko stores combine retail health services with a broad and dynamic offering of strong national brands and high-value private label brands of apparel, home furnishings, toys, consumer electronics, seasonal items, and lawn and garden products.
Todd Gould of SRS Real Estate Partners is representing the landlord, Shopko Stores, in this assignment.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
About Shopko
Founded in1962 and headquartered in Green Bay, Wisconsin, Shopko Stores Operating Co., LLC is a $3 billion retailer that operates almost 350 stores in 22 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. Retail formats include 134 Shopko stores, providing quality name-brand merchandise, great values, pharmacy and optical services in small to mid-sized cities; 5 Shopko Express Rx stores, a convenient neighborhood drugstore concept, and 87 Shopko Hometown locations, a smaller concept store developed to meet the needs of smaller communities. Shopko is in the process of converting almost 90 recently acquired stores and pharmacies to the Shopko brand.
Shopko Stores Operating Co., LLC is an affiliate of Sun Capital Partners, Inc., a leading private investment firm focused on leverage buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience.
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