Walmart purchases Bethel Park Shopping Center for $39.6 million
Walmart has purchased the Bethel Park Shopping Center, where it already operates a store, for $39.6 million.
Real estate records for Allegheny County show that an affiliate of Walmart called Wal-Mart Real Estate Business Trust purchased the nearly 22 acre lot earlier this month.
The plaza is currently occupied by Walmart and by Giant Eagle along with a Pep Boys store, a Firestone Complete Auto Care store, a Chinese restaurant, a Great Clips store, and a Rita's Italian Ice and Frozen Custard location.
The purchase of the Bethel Park plaza comes months after Walmart, the world's largest retailer, also purchased the Monroeville Mall property for around $35 million.
A spokesperson for Walmart tells KDKA that the company wants to continue to operate in Bethel Park and that purchasing the store gives Walmart the best opportunity to continue serving their customers in a long-term timeframe.
The spokesperson added that there are no plans to expand the store at this time and that Walmart owns most of its store properties, something in generally prefers to do.
A spokesperson for Giant Eagle says the company is "excited to have a lease agreement in place at this location for another 30 years, ensuring we will continue to meet the needs of the Bethel Park community."
