Wal-Mart Buys 23 Acres for 135,000-SF Supercenter

SOUTH BRIDGE, VA-Another new Wal-Mart is on the way to Virginia as the retail chain's real estate arm purchases a 23-acre parcel of land to accommodate what will ultimately be a 135,000-sf Wal-Mart Supercenter store.

By Barbra Murray | May 14, 2003 at 01:01 AM

The acquisition is part of the company's domestic expansion program, which calls for the opening of as many as 55 new discount stores and as many as 210 new Supercententers. KLNB Retail served as the sole broker on behalf of buyer and seller in this transaction.

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

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