Kohl's Corp.'s $4.3 million sale of building at corporate headquarters not related to ongoing fight with activist investor

Kohl's Corp. has sold one of its buildings at its Menomonee Falls headquarters for $4.3 million, according to public records.

"The sale of our Woodale Drive facility is a direct reflection of the evolution of work at our corporate campus," said Jenn Johnson, senior vice president of corporate communications for Kohl's.

More: The future of Kohl's is at stake as the company prepares for a fight with activist investor

Kohl's credit and customer service employees that were working in the facility have been relocated to the main corporate campus.

Johnson added Kohl's has not been actively using the space since March 2021.

"As the future of work and physical workspaces evolves, Kohl’s continues to evaluate its workplace accommodations to increase flexibility for associates, increase collaboration amongst teams and drive operational efficiencies in its physical footprint," Johnson said.

The sale of the building is not related to the proxy fight Kohl's is managing with activist investor Macellum Capital Management.

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This article originally appeared on Milwaukee Journal Sentinel: Kohl's sale of building for $4.3 million not related to proxy fight