Source: Milwaukee Journal Sentinel —
Kohl’s Corp. owns billions of dollars worth of property and one firm is trying to buy it all.
Oak Street Real Estate Capital reportedly offered Kohl’s roughly $2 billion for its real estate and to lease it back to the company, according to a report from Reuters on Friday.
The sides have met but it doesn’t mean negotiations will continue or a deal will be made, Reuters said.
This isn’t the first time Oak Street has been mentioned in a potential deal with Kohl’s.
Earlier this year, when Franchise Group, which owns Vitamin Shoppe, was trying to buy Kohl’s, Oak Park was mentioned as a company that might be willing to take on the real estate.
The deal between Franchise Group and Kohl’s eventually fell apart in July.
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