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$42m Wal-Mart deal.


Andrew Stewart The following people have been named Andrew Stewart:
  • Andrew Stewart (d. 1501), Bishop of Moray
  • Andrew Stewart (d. 1517), Bishop of Caithness
  • Andrew Stewart (d.
 of David Cronheim Mortgage Corporation has arranged the sale of the Super Wal-Mart leased parcel at Republic Plaza Republic Plaza can refer to
  • Republic Plaza in Raffles Place, Singapore
  • Republic Plaza in Denver, Colorado, United States
, a 249,842 s/f shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  in Farmingdale, NY. The purchase price was $42,857,142.

The property is a 216,519 s/f Wal-Mart store that is within a shopping center. The original plans called for Wal-Mart and an additional anchor store anchor store
n.
A large store, such as a department store or supermarket, that is prominently located in a shopping mall to attract customers who are then expected to patronize the other shops in the mall. . After several years of negotiations with the town for approvals and subsequently various retail tenants, Wal-Mart agreed to increase the size of their original 157,191 s/f store by 59,328 s/f.

Said Stewart, "The developer, Poly-Jaz Realty, did an outstanding job navigating their way through numerous obstacles in order to deliver Wal-Mart a prime location for a store that is sure to succeed."
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Publication:Real Estate Weekly
Date:Oct 1, 2008
Words:130
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