WAL-MART TO BUILD NEIGHBORHOOD MARKET STORE IN WILLIAMSBURG DEVELOPMENT

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WILLIAMSBURG, VA. — Wal-Mart Stores East has purchased 7.9 acres in the Settler’s Market development in Williamsburg for an undisclosed amount from Settler’s Market Developers. The acreage will be used for a 40,000-square-foot Neighborhood Market store, which will be smaller than a Wal-Mart Supercenter and feature a farmer’s market-type atmosphere. Christopher Rouzie of Thalhimer’s Newport News, Va., office represented Wal-Mart in the transaction. The market will open in summer 2009.

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