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This Just In.(Madison Marquette Realty Services L.P to buy Kmart Holding Corp)(Palace Sports & Entertainment to buy Hillside Productions Inc)(Bloomfield Park development needs traffic study)
Crain's Detroit Business, September, 2005
Status of offer to buy Kmart HQ site not known The clock is ticking, and may have stopped, on Madison Marquette Realty Services L.P.'s offer to buy Kmart's headquarters in Troy. Washington-based Madison Marquette has had the 45-acre complex under contract for several months. Madison Marquette's due-diligence period was to expire by early or mid-September, said Doug Smith, Troy's real estate and development director.
The city hasn't heard anything, he said. Smith said Madison Marquette was still expressing interest three weeks ago. Joan Suko, vice president of marketing for Madison Marquette, said Wednesday she would check into the matter but did not call back last week. Sears Holdings Corp., Kmart's parent company, declined to comment. - Brent...
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