Centennial Contractors buys former K's Merchandise building


Share
Posted Online: Feb. 13, 2013, 8:21 pm
Comment on this story | Print this story | Email this story
By Sarah Hayden shayden@qconline.com
Moline-based Centennial Contractors has bought the former K's Merchandise, 1320 W. Kimberly Road, Davenport, and plans to turn it into a space for retail businesses.

The 79,000 square-foot building was listed for $1 million, but Centennial co-owner Zack Sottos said they bought it in December for $850,000.

Mr. Sottos said he and co-owners Jim Massa and Jayme Massahave the property listed with Ruhl and Ruhl Realty. If they are unable to resell it, they will subdivide it into two retail spaces for lease.

"I think it's a good area; we've been watching it for a while," Mr. Sottos said. "The building is in great shape, and everything's functional."

He said they have removed all the shelving inside and are cleaning up the outside, and they are workingwith the city of Davenport to draw up plans to subdivide the lot.

Centennial wants to parcel the corner of the parking lot on Marquette Street and Kimberly Road to attract another retailer or restaurant, Mr. Sottos said.

"It's a high-traffic area and good for business."


















 



Local events heading








  Today is Thursday, July 24, the 205th day of 2014. There are 160 days left in the year.

1864 -- 150 years ago: The Rev. R.J. Humphrey, once a clergyman in this city, was reported killed in a quarrel in New Orleans.
1889 -- 125 years ago: The Rock Island Citizens Improvement Association held a special meeting to consider the proposition of consolidating Rock Island and Moline.
1914 -- 100 years ago: The home of A. Freeman, 806 3rd Ave., was entered by a burglar while a circus parade was in progress and about $100 worth of jewelry and $5 in cash were taken.
1939 -- 75 years ago: The million dollar dredge, Rock Island, of the Rock Island district of United States engineers will be in this area this week to deepen the channel at the site of the new Rock Island-Davenport bridge.
1964 -- 50 years ago: The Argus "walked" to a 13-0 victory over American Container Corporation last night to clinch the championship of Rock Island's A Softball League at Northwest Douglas Park.
1989 -- 25 years ago: The Immediate Care Center emergency medical office at South Park Mall is moving back to United Medical Center on Sept. 1. After nearly six years in operation at the mall, Care Center employees are upset by UMC's decision. The center is used by 700 to 800 people each month.








(More History)