Journalism. We believe it should help you live a better life.

That’s why we spend a lot less time on publishing mug shots and a lot more time helping you understand the employment market, figure out how to spend more time with friends and family with our events calendar, and what you can do to help businesses that have opened up. Make no mistake…we aren’t shy. We tackle the big stuff, like COVID and issues around race.

And if you believe in the value of journalism — that it should help, not exploit — please consider becoming a paid member of the Racine County Eye today. We can’t do this work without you.

After the JC Penney store closes its doors — which is expected to happen by April 30 — the new owners Learsi & Co. Inc. plan to redevelop the space and lease the property to three to four new tenants, said David Israel, president of Learsi & Co.

JC Penney sold the store, 5900 Durand Ave., to Learsi & Co. in November for $2.5 million.

Israel is actively marketing the space on the first floor as retail space and plans to lease out the second floor as back office space. If all goes well, he hopes to start construction in May, he said.

“I think it’s a great corner, or as close to a hard corner as you can get on Durand Avenue and Green Bay Road. I think it’s the best property in Racine,” Israel said.

Depending on what type of tenant Israel is able to get into the space, Israel expects to have the space open again to the public within three to nine months as the retail spaces will have an outside entrance so that the tenants can have outdoor accessibility.

Excited about the project, he hopes to have the spaces leased within the next 60 to 90 days and expects the project will reinvigorate the corner.

“I think that will make a difference,” Israel said. “Being on a hard corner like that gets more attention as customers want to walk in, get what they need and walk out. It’s a much faster pace.”

Jim Ladwig, executive director of Racine Area Manufacturers and Commerce, said the concept is great.

“When you look at where the market is going — people like shopping spaces where the stores are stand alone stores versus walking through common spaces,” he said.

Denise Lockwood has an extensive background in traditional and non-traditional media. She has written for, the Milwaukee Business Journal, Milwaukee Magazine and the Kenosha News.

2 replies on “JC Penney Space To Be Leased To Several Tenants”