The owner of the Sears space at Glenbrook Square in Fort Wayne plans to replace the department store with other retailing tenants and a restaurant.
The bankrupt national department store chain sold the property a few years before closing the store to Seritage SRC Finance, LLC, which filed development plans for it Feb. 4 with the Allen County Plan Commission.
According to the filing, the former Sears building and auto center “will be demolished and a new retail building will be constructed that will be attached to the Glenbrook Square building.”
The new Shoppes at Glenbrook development plan for the property includes a freestanding Portillo’s restaurant; “the tenants for the attached building have not yet been determined,” the filing said.
The freestanding Chick-fil-A and BJ’s Brewhouse restaurants were built on Seritage property at the mall in accordance with separate plans and are considered part of the Shoppes of Glenbrook development, the company said.
The 20-acre size of the site warrants its own sign, Seritage said, so the plans call for a 15-foot freestanding pylon sign to identify the Shoppes at Glenbrook and three monument signs for Portillo’s, Chick-fil-A and BJ’s Brewhouse.
“The Shoppes at Glenbrook is a part of Glenbrook Square, from a physical standpoint, but is separately owned and is being separately developed by Seritage, which has caused Seritage to identify it by a separate name.”
Sears had included its location at Glenbrook in a list last August of 46 so-called “underperforming” stores it would close in November.
The Sears property includes the store and auto center and parking and outlots that stretch all the way out to Coliseum Boulevard on the front and all the way to the ring road surrounding the mall on the side and back.
Seritage, a publicly traded real estate investment trust, picked it up as part of a deal to acquire 230 Sears and Kmart properties a few years ago under a sale/leaseback agreement the retailer initiated to raise cash.
Last March, Christian Conville, of Echo Realty in Indianapolis, which represents Seritage, told Business Weekly that potential users already had expressed interest in the big box should Sears decide to close the department store.
There were limitations at the time on how much of the remaining parking area owned by Seritage could be redeveloped; its agreement with Glenbrook required a number of spaces be retained for mall users, mall management had said.