Sam’s Club to Shutter 63 Stores, Convert 12 to E-Commerce Facilities
Bentonville, Ark. — Sam’s Club, a division of Wal-Mart Stores Inc. (NYSE: WMT), has announced that it will close 63 club locations across the country.
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Block & Co. Sells Walmart Supercenter and Sam’s Club-Anchored Center for $4.65 Million
Decatur, Ill. — Block & Co. Inc. has sold a 45,114-square-foot retail strip center in Decatur for $4.65 million.
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CBRE Arranges Southpark Meadows III Sale in Austin, Texas
Austin, Texas — Southpark Meadows III is 94 percent occupied.
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Former PetSmart Building Sells for $5 Million in Houston
Houston – The 1.8-acre property is shadow-anchored by Home Depot, Hobby Lobby and Sam’s Club.
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RK Centers Buys Three Massachusetts Properties in June for $88 Million
Worcester, Mass. – RK Centers has 49 shopping centers in New England and South Florida totaling approximately 7 million square feet.
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RK Centers Purchases Worcester Crossing for $49 Million
Worcester, Mass. – The Walmart anchor is the retailer’s largest store in New England and its only location in Worcester. Sam’s Club relocated within the market to be adjacent to the Walmart and is the city’s only big-box membership warehouse club.
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SRS Southeast Brokers Three Single-Tenant Net-Lease Transactions
Atlanta – The properties, which totaled more than $11 million in sales revenue and more than 218,000 square feet of retail real estate, are located in Illinois, Missouri and Alabama.
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Kroger Closes on Land for Future Marketplace Store in Cincinnati
Cincinnati – The store, which will be the second largest Marketplace in the Kroger chain, is set to open in the first quarter of 2015.
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CPP Acquires Rushmore Crossing
Rapid City, S.D. — The purchase also included 14 outparcels.
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