UPDATED — Menards, the Wisconsin-based home improvement chain, has finalized its deal for a store near the southwest corner of East Patriot Avenue and Buckner Street in Derby.
“It’s been a long time coming,” says Grant Glasgow of Grubb & Ellis/Martens Commercial Group.
Glasgow and colleague Jeff Englert represented North Derby Investments, which sold 46.13 acres to Menards.
Marty Gilchrist and Grant Tidemann of J.P. Weigand & Sons represented Menards.
The deal, which was in the works for a couple of years, closed Sept. 28 for an undisclosed amount.
“We recently purchased 50.63 acres in Derby, KS and if everything goes as planned, we hope to build a new Menards store on this property some day,” Menards spokesman Jeff Abbott said through an e-mail. “We are still in the initial planning stages and no final decisions have been made just yet.”
The total number of acres includes a residential property Menards purchased as well.
Glasgow says he’s not sure when construction will start or when to expect the store to open.
“They weren’t able to share that with us yet.”
This makes the third Menards that will open in the greater Wichita area.