Finalized Expansion Plans for Walmart at Darien Towne Centre (RPAI, WMT)
[The 43,000-square-foot expansion will convert the existing Walmart store into a ...]
Online PR News – 30-August-2012 –Retail Properties of America, Inc. (NYSE:RPAI) Wal-Mart Stores, Inc. (NYSE:WMT) RPAI recently reported that an Economic Development Agreement has been finalized with WMT and the city of Darien for the planned expansion of the Walmart store at Darien Town Centre in Darien, IL. The 43,000-square-foot expansion will convert the existing Walmart store into a Walmart Supercenter store which will include a full grocery and general merchandise selection. Darien Towne Centre is a 223,694-square-foot power center located in a high traffic area on 75th Street. The center is anchored by Home Depot and major tenants including PetSmart and OReilly Auto Parts. Also, WMT will participate in the nineteenth annual Goldman Sachs Global Retailing Conference on Wed., September 5, 2012. Walmart U.S. President and CEO, Bill Simon, will provide an update on the Walmart U.S. business at 12:05 p.m. EDT. The presentation will be webcast live through links at http://news.walmart.com/events/ and a transcript will be available later in the week. RPAI is a fully integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers across 35 states. The company is one of the largest owners and operators of shopping centers in the United States. The company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the company is available at www.rpai.com. WMT serves customers and members more than 200 million times per week at over 10,300 retail units under 69 different banners in 27 countries. With fiscal year 2012 sales of $444 billion, Walmart employs 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Wal-Mart Stores, Inc. can be found by visiting http://corporate.walmart.com.
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