News Column

Lockard Announces the Sale of 5.3 Acres in Denton, TX to Wal-Mart Stores, Inc.

May 23, 2014



DENTON, Texas--(BUSINESS WIRE)-- Lockard has finalized the sale of a 5.34 acre parcel of land located in our Teasley Town Square shopping center to Wal-Mart Stores, Inc. (Walmart). The new Walmart Neighborhood Market, which is less than one-quarter the size of an average Walmart Supercenter, will be located at the southwest corner of Teasley Lane (F.M. 2181) and Ryan Road in Denton, TX.

The 41,179 SF store builds upon the partnership Lockard has enjoyed with Walmart. “We are excited to welcome the new Denton Walmart Neighborhood Market to the shops at Teasley Town Square,” stated David Wilson, CCIM, executive vice president for Lockard. “Walmart works hard to create strong ties to the community and will provide hundreds of new jobs as well as economic opportunity for Denton and the surrounding area.”

Teasley Town Square is located at the intersection of Teasley Lane and Ryan Road in Denton, TX. The 13.5 acre shopping center has spaces available for lease in the retail center next to Walmart, and outparcels available for sale, build-to-suit, or lease.

For additional information, visit www.lockardonline.com

About Lockard:

In the 63 years since their founding, Lockard Companies has grown into a nation-wide integrated real estate solutions firm. Lockard has completed over $1.7 billion in real estate transaction in 30 states, and demonstrates excellence, integrity, and humility in all of their client and referral relationships. Lockard’s Integrated Real Estate Services cover the entire spectrum of the real estate life cycle from site selection, ownership structure, project finance, concept and value engineering, to construction management, redevelopment, disposition, and beyond. The Lockard team is a group of professionals who are passionate about delivering innovative and remarkable solutions for all of their clients. Lockard is headquartered at 4501 Prairie Parkway in Cedar Falls, Iowa. For more information, call (319) 277-8000, or visit www.lockardonline.com






Lockard

John Brooks, 319-277-8000

www.lockardonline.com

jbrooks@lockardonline.com

Source: Lockard


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Source: Business Wire


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