LEWISVILLE, TX-Dealmakers behind a 5.5-acre land sale have confirmed that the buyer is Home Depot Inc. The purchase is a preventative measure to protect the Atlanta-based chain’s foothold in the marketplace.

Home Depot’s existing store at 2422 S. Interstate 35 could be affected by the state’s plan to widen the highway, explains Grubb & Ellis Co.’s senior vice president Thomas Clarke. As a result, its acquisition arm, Benefit Realty Corp., stepped in with a contract about six months ago for vacant land at the interstate’s junction with Valley Ridge Boulevard, Clarke tells GlobeSt.com. “At the time, we didn’t know it was Home Depot, but we suspected it was,” he says.

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