December 20, 2021 – West Bend, Wi – It was December 12, 2021 when WashingtonCountyInsider.com ran a story about the pending sale of the former Shopko building on 1710 S. Main Street in West Bend, WI.
That sale came to fruition on Friday, December 17, 2021.
The buyer is Corta Development of Florida.
Corta Development is a “Commercial Retail development and redevelopment firm serving national tenants and brands.”
Cory Presnick is Principal at Corta Development. “We have a vision for the property,” he said. “We’ve done similar projects in Sheboygan and Fond du Lac so it will be something similar in nature with redevelopment.”
Presnick said they do not plan on razing the building. “Our intent right now is to look at the numbers with commercial retail,” he said. “At this point we’re hopeful to reuse this building and that will be the most economical way to make the project investible.”
There is no timeline on what tenants will be leasing the space. Presnick said it will be a “national tenant.”
“Right now, our hands are tied but we will make the announcement when we can,” he said.
In Fond du Lac, WI Corta Development purchased the former Shopko building and it will be split with Big Lots, Inc. on the east end and Hobby Lobby taking up a majority of the property with a Taco John’s being constructed in the out lot.
In Sheboygan, the former Shopko was purchased by Corta Development and that will be home to Hobby Lobby and Ross Dress for Less.
Presnick said the Shopko property in West Bend, WI was inviting because of the endcaps; Hobby Lobby and Kohl’s and he liked the location of Meijer grocery. “We have a lot of frontage on Main Street,” he said. “We like the opportunity to redevelop the box and the outparcel development.”
The Shopko store closed in West Bend, April 15, 2019, as the national retailer, based in Green Bay, WI, filed bankruptcy.
Since then, the location, 1710 S. Main Street, in West Bend has been for sale. It had randomly been leased by the seasonal Halloween store, but generally sat empty.
Corta Development paid $2,025,000 for the property.
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“We’re certainly looking to redevelop it into a first-class project,” said Presnick.
What retailer would you like to see fill the spot at 1) former Shopko location or 2) former Boston Store/Elder-Beerman?