The Kmart store in Trotwood opened in 1994.
Employees that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores, Brathwaite said.
Liquidation sales will begin in the coming weeks, he said.
Sears Holdings announced last December that it planned to close 120 stores across the country after a sharp drop in 2011 holiday season sales.
The Kmart store at 2960 Derr Road in Springfield was closed April 8, laying off 52 employees in the process, according to a notice sent to the state.
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