Friday, June 5, 2015

Metrocenter Mall Adding New Walmart Supercenter

Walmart Stores has acquired the southern anchor space of Metrocenter Mall, once occupied by Macy’s. The 9.93 acres is to be cleared to make way for a 148,000 square foot Walmart Supercenter. Carlyle Development sold the land to Walmart for a price of $2.6 million, or $6 per square foot, directly after acquiring the property for the same price. Ownership of the central 727,816 square feet of Metrocenter has been held by Carlyle since January of 2012. Carlyle holds option to repurchase the Walmart property. 

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