Former K-Mart Property Becomes High Visibility CarMax Showroom
CarMax, a public company that has revolutionized the car industry by offering fixed prices for used cars, opened its first New York State location with a new prototype showroom in Colonie, New York, in early 2014. Will Kadish, Executive Director of Development for Lawrence Kadish Real Estate, led the company’s team to sell the property that had once held a K-Mart.
The former 50-year-old retail store was demolished to make room for the new Car Max showroom. Car Max reportedly passed on other less proximate locations that were only available for lease. Kadish commented, “While we prefer to lease, we have more flexibility than the REITs (Real Estate Investment Trusts) and were pleased to help bring positive economic growth to the community.”
Kadish also serves as Marketing Director for Broad Metro LLC, a Lawrence Kadish entity, and is currently working on an 165-acre mixed-use development project in Hoover, Alabama.
Related Article: Times Union
Keeping the Sherwin-Williams distribution center in Effingham, Illinois, was a top priority for city and state economic development officials. Will Kadish was central to the negotiations that achieved their goal.