Steve Kearns has cut a deal with Steve Magestro and Janiece Maxwell, owners of M Six International Properties, also known as Mad Max. The couple have a lease-to-buy agreement with Kearns for his Shell filling station, 1650 N. Main St., in Barton.
Kearns said Magestro and Maxwell were at the shop on the corner of Roosevelt Drive and Main on Monday afternoon.
The couple have been laying a foundation for their Mad Max gas stations in West Bend. Last August they purchased The Clothes Clinic building, 1221 S. Main St. Prior to that they purchased the BP gas station next door, 1229 S. Main St.
Magestro and Maxwell plan to raze the old Clothes Clinic building and expand and remodel the neighboring gas station.
M Six International Properties owns more than a dozen gas stations across southeastern Wisconsin including outlets in Saukville, Fond du Lac, and Sheboygan.
In Barton they have an agreement with Kearns that could turn into a full-on purchase in a couple months.
Kearns did not disclose the reason for the sale. In December 2012 Kearns sold the Shell filling station on Highway 33 to Bud Osowski. Kearns had purchased that property in June 2008 for $900,000.
The Barton property he purchased in 1998.
There’s an interesting gas station dynamic going on in West Bend as Kwik Trip prepares to break ground on Silverbrook. The La Crosse-based company recently purchased 3.02 acres just south of Commerce State Bank for $1.22 million.
Another former filling station is also going to close on a business sale. http://www.washingtoncountyinsider.com will bring you that story first this week. Stay tuned!