Kmart in Dundalk to Close in 2017: Report

DUNDALK, MD — The Kmart at North Point Mall will close in spring 2017, sources say. Business Insider released a list this week of two dozen Kmart locations and a handful of Sears stores slated for closure, and the Dundalk area store was on it.

In fact, Kmart in the 200 block of North Point Drive was the only Maryland store on the list.

Clearance sales at the Kmart in Dundalk will start on Jan. 6, 2017, according to WBAL, which reported the store was put on the chopping block because it was not profitable. The news station said that Parkville and Pasadena Kmart stores would remain open and the Dundalk store would shutter in April 2017.

The closures are not a new phenomenon for Kmart. The business is a subsidiary of Sears Corporation, which has reportedly shuttered more than 60 percent of its stores since 2011.

In the Dundalk area, Kmart anchors North Point Mall.

While did not know the Kmart was slated for closure, developer Carl Verstandig — who owns the shopping center — told the Baltimore Sun he was not worried about finding new tenants.

Through his Pikesville-based company America's Realty, Verstandig buys up shopping centers in areas that support the middle class. He frequently works with tenants including but not limited to Roses, Giant, Dollar General, Home Depot, Food Lion, Save a Lot, Family Dollar, Advance Auto Parts and others.

Verstandig purchased the 40-year-old strip mall on North Point Boulevard for $3.3 million over the summer, telling the Baltimore Business Journal it was strategic given the influx of jobs and residents anticipated from Sparrows Point.

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Image by Mike Kalasnik via Flickr, licensed under Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0).