ROCKFORD (WREX)- The former K-Mart location on East State Street could soon be owned by rental company U-Haul.
A spokesperson for the company says the Rockford location is part of a bundle deal that still requires approval in bankruptcy court.
K-Mart, formerly owned by Sears Holdings filed for bankruptcy and closed the store earlier this year.
“It has been a pleasure working with the Sears real estate and legal teams to get to this point.” said VP of Communications, Sebastien Reyes in an email to 13WREX. “We look forward to continue working with them in hopes of getting approval from the bankruptcy court for this transaction. AMERCO Real Estate invests in various property types of all sizes throughout the U.S. and Canada.”
If approved, the K-Mart store will become a full-service U-Haul Store with indoor self-storage, truck and trailer rental and a retail showroom.
“When U-Haul reuses an existing property for a new full-service U-Haul store, these facilities typically offer indoor climate-controlled self-storage, truck and trailer sharing (a.k.a. rentals), a retail showroom with moving supplies/boxes/hitch accessories, U-Box portable storage containers, a U-Box storage warehouse, a hitch bay for installations, propane, and a U-Haul Re-Use Center for the community to share used boxes and household furnishings,” the statement from Reyes said.
No word on when that deal could be approved.