Missoula furniture store closing after lease terminated at Brooks and Reserve

2012-12-29T07:00:00Z 2014-08-04T19:09:52Z Missoula furniture store closing after lease terminated at Brooks and ReserveBy JENNA CEDERBERG of the Missoulian missoulian.com
December 29, 2012 7:00 am  • 

Six months after declining to renew its lease with Kmart, the Salt Lake City-based company that owns the large retail plaza near Missoula’s Brooks and Reserve street intersection has terminated its lease with the only remaining tenant.

Montana Homefitters furniture store began a closing sale Thursday and will continue to operate only until everything is sold, store general manager Brett Baisden said.

In June, plaza owner Woodbury Corp. declined to extend a lease with the Missoula Kmart’s parent company, Sears Holding Corp.

The store closed in September.

“Sometime in the fall, the discussion started with the landlord that they did not want to have me in here,” Baisden said.

The contract termination agreement was reached amicably, but Woodbury gave no reasons for initiating the process, Baisden said.

Woodbury president Randy Woodbury declined to comment Friday on tenancy issues – or on his future plans for the property and any prospective tenants.

Montana Homefitters won’t reopen in a different location because Baisden hasn’t been able to find a suitable relocation venue. About six employees will be out of jobs, Baisden said.

The store has around 30 houses’ worth of furniture to sell. As of Friday, all inventory was 25 percent off, Baisden said.

A definite closing date has not been set.

Woodbury said in July that the property was underutilized with Kmart as a tenant. At the time, he said he would like to incorporate Homefitters into the space when it was revamped and that the company had “zeroed” in on a new retail tenant.

On Friday, Woodbury said the company continues to work with possible tenants but cannot discuss details.

“I was so hoping we’d have all this stuff signed and sealed and delivered by now, but we don’t,” he said.

Based in Salt Lake City, Woodbury Corp. is a 92-year-old real estate business that manages retail, office and hotel properties in seven Western states. The 115,000-square-foot plaza on Brooks Street was built by Woodbury in 1973.

It’s the only Missoula property owned by Woodbury, which also owns University Shopping Square in Bozeman.

Baisden has heard the rumors about possible new tenants – including a Kohl’s clothing and home goods store and discount grocery store Winco Foods – but hasn’t seen any evidence to suggest anyone new is moving in.

“I’m here every day all the time. If those people were going to come here, I’d see them come check out the place,” Baisden said. “I’m not sure what’s going on.”

Reporter Jenna Cederberg can be reached at 523-5241 or at jenna.cederberg@missoulian.com.

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(8) Comments

  1. MizooLady
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    MizooLady - January 04, 2013 7:53 am
    They are terribly over-priced I can't imagine they are selling much of their inventory at only 25% off.
  2. SilasDuGoode
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    SilasDuGoode - December 29, 2012 11:53 am
    Most likely it will be a new Kohl's-they are not in Missoula yet and they like free standing stores!! That would be a better use for the space and would generate more tax revenue for the City-County!
  3. Willie
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    Willie - December 29, 2012 11:40 am
    It's not all the economy, though Obama is crushing it. The service was lousy there and the salesmen would lie to their own mothers if it meant keeping an account. There product would take months/year to deliver, which most likely meant they were cash strapped, robbing Peter to pay Paul. I say good riddens to bad rubbish. The six employees will go off to what they do best, ripping other people off, only now they won't have a store front to do it in.
  4. DPotter
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    DPotter - December 29, 2012 11:18 am
    Didn't actually read the article did you Walter? Just went into knee jerk attack mode.
  5. MslaResident2
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    MslaResident2 - December 29, 2012 11:04 am
    Missoula is supposed to get a Kohls....bet this is where it is going.
  6. glacierdude
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    glacierdude - December 29, 2012 10:23 am
    Love it, Walter! Who needs a Barcalounger when there's already a perfectly good orange crate to sit on! Utopia 101.
  7. mamadance11
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    mamadance11 - December 29, 2012 9:26 am
    OH BOY.. here come some MORE EXPEN$IVE APARTMENT$ &/OR CONDO$.....
  8. walter12
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    walter12 - December 29, 2012 8:42 am
    The first thing that goes when the nation and the state is in a perpetual recession under the Obama creature is furniture. People can always do without furniture.
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