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GARLAND, TX-With a top-name East Coast retailer in tow, an Atlanta-based investment group has bought a long-dark Kmart box for redevelopment. The sale signals a fresh start for an intersection plagued by retail losses.

Blue Ridge Capital Investments LLC is underwriting the redevelopment of the 104,315-sf box at 3161 Broadway Blvd. with a long-term lease to Steve & Barry's University Sportswear Inc., Jeff Kittleson, senior vice president for Trammell Crow Co., tells GlobeSt.com. The play is similar to a late October purchase in San Antonio, where the Port Washington, NY-based retailer and Atlanta investor have taken over a 131,000-sf empty Wal-Mart at 910 SE Military Dr. for the Texas push.

Kittleson says the TCC team got the listing about six months ago from the New Hyde Park, NY-based Kimco Realty Corp. after a temporary tenant exited the building. Kmart vacated the box about four years ago. The hand-off to Blue Ridge, though, could be the remedy for an intersection with an empty 75,000-sf Rainbow grocery store, now dark for two years, and a 60,000-sf Albertsons grocery vacated in late spring. "Hopefully Steve & Barry's will turn that around," Kittleson says.