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K-MART AWARDS EXCLUSIVE REAL ESTATE CONTRACT TO EXCESS SPACE RETAIL SERVICES


HUNTINGTON BEACH, Calif.— Kmart Holding Corporation has named Excess Space Retail Services, Inc., a leading specialist in real estate disposition and lease restructuring for retailers nationwide, to handle the disposition of 20 vacant former food market locations and 10 vacant in-line spaces in Kmart owned shopping centers encompassing over 400,000 square feet in total. The exclusive contract covers selected real estate holdings in Alabama, Florida, Illinois, Kansas, Louisiana, Missouri, Mississippi, South Carolina and Tennessee.

Heading this real estate disposition assignment will be Howard Goldfarb, Executive Vice President of Excess Space, from the firm’s East Coast office in Lake Success, New York.

About Kmart Holding Corporation

Kmart Holding Corporation (NASDAQ: KMRT) and its subsidiaries (together, "Kmart") is a mass merchandising company that offers customers quality products through a portfolio of exclusive brands that include THALIA SODI, JACLYN SMITH, JOE BOXER, KATHY IRELAND, MARTHA STEWART EVERYDAY, ROUTE 66 and SESAME STREET. Kmart operates more than 1,500 stores in 49 states and is one of the largest employers in the country with approximately 158,000 associates. For more information visit the Company’s website at www.kmart.com.

About Excess Space Retail Services, Inc.

Founded in 1992, Excess Space, with offices in Lake Success, New York and Huntington Beach, California, has set the industry standard for providing leading national and regional retailers with “best-in-class” real estate disposition, lease restructuring and lease renewal services. During the company’s 12 year history, Excess Space has successfully disposed of and restructured leases for over 100 national and regional retailers. For more information about the privately-held firm, visit www.excessspace.com