{"id":31507,"date":"2018-12-13T14:49:30","date_gmt":"2018-12-13T19:49:30","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=31507"},"modified":"2018-12-14T09:31:32","modified_gmt":"2018-12-14T14:31:32","slug":"kmart-building-in-queensbury-to-be-acquired-by-u-haul-storage-facility-planned","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/kmart-building-in-queensbury-to-be-acquired-by-u-haul-storage-facility-planned\/","title":{"rendered":"Kmart Building In Queensbury To Be Acquired By U-Haul; Storage Facility Planned"},"content":{"rendered":"
\"\"
This Kmart in Queensbury is closing and will be acquired by U-Haul International.<\/figcaption><\/figure>\n

By Susan E. Campbell<\/p>\n

The building at 308 Dix Ave. in Queensbury, home of Kmart for many years, is slated to become a self-storage facility and retail shop for U-Haul once bankruptcy court filings for Sears Holding Corp. open the way for acquisition of the property.<\/span><\/p>\n

The purchase would allow U-Haul to significantly expand its business located now at 112 Main St. in Queensbury, the company said.<\/span><\/p>\n

The store remains open thru the Christmas holiday season.<\/span><\/p>\n

\u201cIt has been a pleasure working with the Sears real estate and legal teams to get to this point,\u201d said Sebastien Reyes, vice president of communications for U-Haul International. \u201cWe look forward to continue working with them in hopes of getting approval from the bankruptcy court for this transaction.\u201d<\/span><\/p>\n

Acquiring the 176,238-square-foot building is part of U-Haul\u2019s \u201cadaptive reuse program\u201d through AMERCO Real Estate, the real estate arm of U-Haul International, according to Jeffery Lockridge, manager of media and public relations.<\/span><\/p>\n

AMERCO invests in and re-purposes existing properties, like the one Kmart is vacating, throughout the U.S. and Canada, he said. <\/span><\/p>\n

\u201cU-Haul does not generally build new storefronts,\u201d said Lockridge. \u201cWe have small U-Haul stores, we have large U-Haul stores. Part of the reason is we acquire existing buildings.\u201d<\/span><\/p>\n

The Kmart building is the equivalent of three football fields.<\/span><\/p>\n

By purchasing such big-box stores, the square footage creates plenty of opportunity to allocate space to self-storage, in addition to the truck and trailer rental services for which U-Haul is well known. <\/span><\/p>\n

\u201cWhen U-Haul reuses an existing property for a new full-service U-Haul store, these facilities typically offer state-of-the-art indoor self-storage with climate-control options and high-tech security features,\u201d Lockridge said. <\/span><\/p>\n

The facility will also include a retail showroom selling storage boxes, moving supplies and hitch accessories. Plus, U-Box portable storage containers and a U-Box storage area are among the offerings, as well as a U-Haul Re-Use Center where the community can share used boxes and household furnishings.<\/span><\/p>\n

The Dix Avenue property is assessed at $4.9 million and was built in 1993, according to town assessment records.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Susan E. Campbell The building at 308 Dix Ave. in Queensbury, home of Kmart for many years, is slated to become a self-storage facility and retail shop for U-Haul once bankruptcy court filings for Sears Holding Corp. open the way for acquisition of the property. The purchase would allow U-Haul to significantly expand its […]<\/p>\n","protected":false},"author":89,"featured_media":31508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\r\nKmart Building In Queensbury To Be Acquired By U-Haul; Storage Facility Planned - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/12\/kmart-building-in-queensbury-to-be-acquired-by-u-haul-storage-facility-planned\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Kmart Building In Queensbury To Be Acquired By U-Haul; Storage Facility Planned - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Susan E. Campbell The building at 308 Dix Ave. in Queensbury, home of Kmart for many years, is slated to become a self-storage facility and retail shop for U-Haul once bankruptcy court filings for Sears Holding Corp. open the way for acquisition of the property. 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