Update (9/13/19): The Kitsap Sun shared an article, quoting CEO Sanjiv Chopra, of Rhino Investments: “We are hoping to do something with those tenants, but nothing is done yet. […] We’re working with the mall as to who we can bring.”
Rumor has it that Kitsap Mall in Silverdale, WA will soon get a Hobby Lobby and Harbor Freight Tools. Currently, the nearest locations for these stores is Tacoma, WA. The Silverdale location would replace Sears, which is closing.
According to a source, Rhino Holdings Silverdale, LLC is currently working with three tenants, including Hobby Lobby and Harbor Freight Tools, to move into the building that Sears has occupied at Kitsap Mall in Silverdale, WA since 1985. The third prospective tenant, Burlington Coat Factory, has yet to sign their letter of intent to lease the space, however. Capital improvements are also planned in order to get the building ready for the new tenants.
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Sears Store Closing its Kitsap Mall Location
In August 2019, Sears in Kitsap Mall (Silverdale, WA) signaled an impending shutdown, and is on a short-term lease as it winds down operations. Sears Holding Corporation, the parent company of Sears and Kmart, filed for bankrupcy and closed hundreds of stores last year.
About Hobby Lobby
Hobby Lobby is primarily an arts-and-crafts store but also includes hobbies, picture framing, jewelry making, fabrics, floral and wedding supplies, cards and party ware, baskets, wearable art, home accents and holiday merchandise. Earlier in 2019, Hobby Lobby announced plans to open approximately 65 new stores, creating approximately 2,500 – 3,000 jobs. Hobby Lobby currently has over 850 stores across the nation and employs over 37,500 people in the U.S.
About Harbor Freight Tools
From hand tools and generators, to air and power tools, from shop equipment to automotive tools, Harbor Freight offers more than 7,000 tools and accessories at quality levels that match or exceed competing brands, but at prices that are up to 80% less. Harbor Freight Tools is a privately held discount tool and equipment retailer with over 1,000 stores in 48 states. The company employs over 20,000 people in the U.S.