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Wal-Mart Buys Land for 40,000-SF Neighborhood Store in Northwest Houston

HOUSTON-Big box retailer Wal-Mart has bought slightly more than 6.3 acres in northwest Houston, but not for a supercenter. Wal-Mart is planning a 40,000-sf neighborhood grocery store. Texas, Oklahoma and Arkansas are test markets for the concept, which now boasts a 17-store portfolio.

By Jennifer Brenner Andrade | Updated on January 30, 2001

HOUSTON-Retail giant Wal-Mart Stores Inc. will open a “neighborhood” concept store in northwest Houston.

The big box retailer for the scaled-down retail offering has bought slightly more than 6.3 acres. The 40,000-sf structure, ticketed for a late fall opening, will be located at the intersection of North Eldridge Parkway and Grant Road, a source has confirmed to GlobeSt.com.

North Eldridge Parkway 12 Ltd. has sold the parcel in a recent deal negotiated by its representative, Keith P. Grothaus of Caldwell Watson. Curtis Hendersen and Jeff Pittman of CB Richard Ellis have acted on behalf of the buyer, Wal-Mart Real Estate Business Trust.

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