Walmart is buying entire shopping plazas. Here's what it means for customers. [USA TODAY]
CBL & Associates Properties, Inc. (CBL)
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Source: USA TODAY
has purchased a shopping center in Connecticut for $44 million, the latest instance of the retail giant buying not just the property on which a singular store can be built, but the surrounding property as well. The company now owns the Walmart Center in Norwalk, Connecticut, about 50 miles from New York City. While Walmart already has a store at the plaza, it now owns the full strip, which includes retailers like TJ Maxx, Starbucks, Chipotle and more, Royal Properties Inc., the firm that represented the seller, said in a “The amount of interest in this center was substantial. With several options to consider, Walmart stepped up with the best overall offer,” said Jeff Kintzer, principal of Royal Properties, in a statement. The company's latest purchase is not its first shopping mall acquisition this year; it closed deals on two plazas in January and May, respectively. Here's what to know about Walmart's recent real estate moves and how shoppers could notice a difference. Walma
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CBL
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- 12/4/25 - Form 4
- 11/19/25 - Form 4
- 11/7/25 - Form 10-Q
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