OAK BROOK, ILL.—A finalized EconomicAgreement has been finalized with Walmart Stores Inc. for the 43,000-sq.-ft. expansion of the Darien Town Centre Walmart in Darien, Ill. The expansion will convert the existing Walmart store into a Walmart Supercenter store, which will include grocery and general merchandise.
“The execution of this agreement demonstrates the quality, infill nature of this asset and we look forward to commencing work in conjunction with the Walmart expansion and our broader redevelopment plan later this year,” said Shane Garrison, executive vice president and chief operating officer for Retail Properties of America Inc., the owner of the center.
Walmart’s expansion is slated to begin this fall. During, some existing tenants will be relocated.
Darien Towne Centre is a 223,694-sq.-ft. center located on 75th Street. The center is anchored by Home Depot and major tenants including PetSmart and O’Reilly Auto Parts. Other tenants at the center include Panera Bread, Sally Beauty Supply and Great Clips, among others.