Mall owner Westfield America Inc. will build a 178,000-sfbuilding in a project valued at $30 million. Wal-Mart will leaseall but 18,000 sf of additional shops, to be attached to themall.

Wal-Mart and Westfield officials said the discount store shouldopen in about 18 months following this week's approval of thedeal.

However, Wal-Mart must first receive the unanimous consent ofmall anchors J.C. Penney, Mervyn's, Robinsons-May and Sears.

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
NOT FOR REPRINT

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