weather

46°

Clear | 9MPH

NEWSROOM * CIRCULATION * ADVERTISING

CONTACT US MANAGE ACCOUNT SUBSCRIBE

Sunday

April 2014

20

Menomonee Falls and Kohl's seal the deal

Menomonee Falls - The village of Menomonee Falls and Kohl's Department Stores officially closed on a real estate transaction Friday morning, the last piece of the puzzle necessary for Kohl's to begin construction of its corporate campus.

The closing came after the Village Board approved the final implementation agreements during a closed meeting Nov. 1, according to Village Manager Mark Fitzgerald.

As part of the deal, the village first purchased a 53,000-square-foot office building at 800 Woodland Prime.

The village then traded that building and three vacant parcels in the Woodland Prime Office Park located on Flint Drive, north of Good Hope Road, between Highway 45 and Appleton Avenue. The parcels are 70 acres, 14 acres and nine acres. These three parcels and the building will eventually be home to a 900,000-square-foot corporate campus, Fitzgerald said.

In exchange, Kohl's gave the deed of its former distribution center, W13901 Woodale Drive, to the village. The four parcels total 89.2 acres in the northern part of Woodland Prime.

"All the transactions consummated this morning," Fitzgerald said. "We've been working on this for a pretty long time and we are very pleased to be at this stage."

There is no word on when construction will begin; however, Kohl's has to provide the village with a commencement notice.

Kohl's has three years to provide a commencement notice to the village that states when construction will begin. Once that notice is received, the village has to begin $13 million of road construction projects within 30 days as a result of the office park growth.

The construction will ultimately be paid for by taxes coming in as part of Tax Incremental District No. 10, where the corporate campus for Kohl's will be located.

- Reporter Danielle Switalski contributed to this story

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.


Living Lake Country

E-mail Newsletter

Top stories from the Lake Country area. Tuesday afternoons and Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.
Tools
TEXT SIZE
Election 2014

Click the links below
for local election coverage

Lake Country Reporter

Oconomowoc Focus

Mukwonago Chief

Sussex Sun

Kettle Moraine Index

 

 

 

 

Community Pride 2013

  

Click here for stories
on community pride

 

 

 

 

 

 

 

Rummage Router
Just click to find a rummage near you
Your Photos
Karen Eidem, Laureate Group - Oconomowoc , WI
Community Blogs

Lake Country residents share their views on news, happenings and current events.

GarberPark
By Mike Garber
Egg Laying Bunny and the Ten Plagues

It's Hemmer Time
By Amy L. Geiger-Hemmer
Please Mr. Postman!!!

Cook's Corner
By Cynthia Acosta Luksich
With braces comes a Ninja: Fruit and yogurt smoothies

Eagle's Eye
By Al Neuhauser
Obamawreck

Community Splashes
By Kurt Roskopf
June 7th Adaptive Water Ski Day for Waukesha County on Pewaukee Lake

LivingLakeCountry.com features more than a dozen community bloggers - a group of volunteer conversation leaders who are up on the latest topics and never short on an opinion. Just a few are pictured here. Check out the rest and see what they have to say!

View All Blogs

Discussion Guidelines

Do you want to become a Community Blogger? LivingLakeCountry.com welcomes your thoughts and opinions. Contact us for more information:
I want to blog

Legal Notices
Back to top