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The Kmart opened in the late 1970s or early 1980s, Masopust said, but will close its doors in late April.
Masopust said several people have asked him about the future of the property but he hopes to find out more from the redeveloper soon.
The store started a liquidation sale in February leading up to the closure, spokesman Howard Riefs said.
"Store closures are part of a series of actions we’re taking to reduce ongoing expenses, adjust our asset base, and accelerate the transformation of our business model," Riefs told Daily Voice.
The store has 75 employees, and those eligible will receive severence packages and have the chance to apply for open spots at other nearby Sears or KMart stores, he said.
Sears Holdings Corporation owns Kmart.
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