Old Kmart site on Hampshire Road sells at $37 million

With fate of proposal up in the air, IMT makes deal


COMING BACK TO LIFE—A developer purchased the 10-acre property at 325 Hampshire Road in Thousand Oaks that had been a Kmart for 20 years. The deal still needs final city approval. Acorn file photo

IMT Residential, the company behind plans to transform the long-abandoned Kmart site on Hamphire Road in Thousand Oaks into more than 400 apartments mixed with retail shops, has agreed to purchase the 10- acre property for $37 million, The Acorn has learned.

Haider Alawami, the city’s economic de...

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