The sale of the former Shopko building, located at 1850 Madison Avenue, closed today. The property was listed by Colliers International and the buyer was procured by Coldwell Banker Commercial Fisher Group.
At this time, the buyer wishes to remain anonymous. Plans for the building include a mix of office, retail and hospitality tenants. Redevelopment should begin in 2021 with completion anticipated in 2022. Several tenants for the 90,000 square foot property have been identified as collaborators; though also wish to remain anonymous at this time