CHICAGO — Walmart has acquired a 13.5-acre shovel-ready land parcel on Chicago's South Side. The company plans to develop a 155,000-square-foot Walmart Supercenter at the site, which is located within Chatham Market shopping center on 83rd Street and South Holland Road. This location will be the first of six full-scale stores that Walmart plans to build in Chicago. Additionally, Walmart has leased an existing 10,000-square-foot building at Chatham Market for a Walmart Express store, a convenience grocery concept that will be the first of its kind in Chicago. Tom Kirschbraun, Meredith O'Connor and Edward Lewis of Jones Lang LaSalle represented the seller, Monroe Investment Partners, in the transaction. Terms of the sale and lease were not disclosed.
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