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CHESAPEAKE, VA-Wal-Mart has acquired 31 acres at Dominion Commons on which to build a Supercenter store. Dominion Commons is a new 75-acre shopping center that is being planned by Crescent Properties at Shillelagh Rd. and Dominion Bd., and Wal-Mart will use the land it purchased to erect a 200,000-sf store at the site. The new locale will be the Bentonville, AR-based chain’s third Supercenter in the city.

C. Lee Warfield III, executive vice president of real estate services firm Thalhimer/Cushman & Wakefield, represented Wal-Mart in the deal. Operating under the name Wal-Mart Stores East LP, the retailer paid Crescent approximately $5.2 million for the land.

As for the shopping center itself, Warfield tells that “Crescent Properties is still working on the site plan now, but there will be a number of out parcels and additional retail space.” Construction on the new store is expected to begin early next year.

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