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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Shuttered Kmart in Zion Will Become Self-Storage

Colliers International | Chicago’s Patrick Turner and Brendan Green represented JSM Venture Inc. in the $2.3-million acquisition of a vacant 90,426-square-foot former Kmart in Zion, IL. Led by Charlie Mengel, JSM will convert the building into an indoor self-storage facility with 69,750 rentable square feet.

“Given the rise of e-commerce and its impact on retail shopping habits, there is now a surplus of empty big box retail stores,” said Turner. “Many of our clients, like JSM Venture, are looking at alternative uses to fill these vacancies.”

Sears Holdings recently announced additional closures of both Sears- and K-mart-branded stores following its Chapter 11 filing. The Zion facility is expected to have 619 total storage units, with nearly 96% climate controlled.

Paine Wetzel represented the seller, Amin & Shah Solutions LLC, in the transaction.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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