Oak Street reportedly offered $2 billion to Kohl’s for property; law firms trying to gather investors for class action lawsuit

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.