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Walmart completes land deal

Article Source Link By: Charles Shiver

The property deal to bring a Walmart Supercenter, Store #7194, to Adel’s Exit 39 closed on Monday, June 22.

 

The agreement for the land owned by Williams Investment Co. had been in escrow and was actually funded on June 22, said Mike Williams, president of Williams Investment.

 

A building permit will be obtained, and construction should begin full force by a contractor with a project superintendent in a matter of days.

 

The completed Walmart Supercenter is scheduled to be turned over to Walmart on Feb. 26, 2016, Williams said. It will take another four to six weeks to stock the store with inventory before opening.

 

The 129,000-square-foot Walmart will be a full-service store with a grocery, pharmacy, and garden center. It is unclear at this point whether it will have an automotive center. Adel’s Walmart will be a smaller version Supercenter. For example, the Walmart on Norman Drive in Valdosta is 200,000 square feet.

 

Williams Investment transferred a warranty deed for 10.15 acres of the land to the south of the existing outlet mall parking lot for Walmart (Walmart Real Estate Business Trust based in Bentonville, Ark.).

 

Mike Williams said the Walmart Supercenter is expected to employ approximately 200 fulltime and part-time employees. Hiring information will be announced at a later date.

 

As for the outlet mall itself, William Bush will continue to own 36,850 square feet of store space at the south end, and the Williams family will continue to own the remaining space of approximately 54,000 square feet.

 

The Adel City Council recently accepted a $445,629.02 low bid from The Scruggs Company of Hahira for Alabama Road improvements needed for the Walmart project.

 

The City officially awarded the bid for road and drainage work to Scruggs as soon as the land purchase deal was completed for Walmart.

 

The City, upon the purchase of the property by Walmart, was scheduled to issue a contract to start construction on Phase I of the road project, to be completed in 120 days. Phase II, which is a bypass project, will be completed at a later date, probably in the 2017 budget year. No final plans have been agreed upon on the bypass.

 

Phase I includes extending Alabama Street south and paving the extension, along with resurfacing the already paved portion. The bid price includes completing all the drainage to handle water in the area.


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