Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT COLLINS, CO-Regency Realty, a subsidiary of Regency Centers Corp. of Jacksonville, FL, has purchased three ShopKo stores. The company says the sale was made for “economic considerations,” and is not connected to ShopKo’s planned acquisition by Golden Hawn Johnson & Morrison Inc., a private equity firm in Minneapolis.

The Shopko stores are in Longmont and Loveland, which opened in 1993and one in Fort Collins that opened in 1994. Together, the stores employ 320 people, who will be offered employment at other ShopKo stores, or will receive severance packages. The stores will be closed and the merchandise liquated over the next 90 days or so.

ShopKo, headquartered in Green Bay, WI has stores throughout the Midwest, Mountain and Pacific Northwest regions. It has 140 ShopKo stores, which sell general merchandise and provide pharmacy and optical services in mid-sized to larger cities.The price Regency paid to ShopKo was not disclosed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.