The acquisition is part of the company's domestic expansionprogram, which calls for the opening of as many as 55 new discountstores and as many as 210 new Supercententers. KLNB Retail servedas the sole broker on behalf of buyer and seller in thistransaction.

"Wal-Mart is performing extremely well in this region and we arescouting additional locations to continue this expansion program,"says KLNB's John Meyer. Another store is currently underway inManassas, VA, and is on track to open in by summer's end.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.