Business

October 3, 2012

Menards finalizes deal for Derby store

WICHITA — 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.

No one with Menards would immediately comment. 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.

(more…)

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