Sale of the K-Mart Building in Riverton nears the finish line
(Riverton, Wyo.) – It’s almost official. A Letter of Intent (LOI) to purchase the former K-Mart building at 1960 North Federal Blvd. in Riverton has been signed. If the deal is finalized the location could become a Sutherlands Home Improvement and Hardware Store. There are still plenty of I’s to dot and T’s cross.
Riverton’s Economic Development Director Kevin Kershisnik at IDEA, Inc. said he is cautiously optimistic. “We’re not at the finish line yet, but we’re headed in the right direction and the LOI is a big step forward.”
“It’s not a done deal yet, they still have to do their due diligence, but a letter has been signed to acquire the building,” said Riverton’s Community Development Director Eric Carr. “I just received a phone call from Mark Sutherland. He has signed a LOI for the purchase of the building. Together with yesterday’s announcement of an Interline agreement by Denver Air Connection and the apparent sale of this building, it’s great news for Riverton.”
Carr said the building would remain closed until after the first of the year, and, when the contract is finalized, remodeling would begin with an opening sometime this coming year. “He has some other plans for the property, but those have not yet been firmed up,” Carr said.
According to the company’s web site, the only other Wyoming location for the company is in Casper. They also have stores in Fort Collins, Colo. and Salt Lake City.