Mammoth retailer Wal-Mart has a sophisticated and well-staffed real estate division to handle its complex commercial needs. A large battery of attorneys, CCIMs, property managers, and real estate practitioners deal with the burgeoning demands of site selection, acquisition, sales, and leases. Is Wal-Mart ready to enter the consumer real estate market? Or will it wait to posture itself as a banker first?
Walmart's realty web site offers properties for sale from coast-to-coast and includes sale and leases oportunities, land and improved sites.
It remains to be seen if Wal-Mart will become a major player in the real estate game. In the meantime, it sets its sights on banking business here and in Puerto Rico, and bloggers sound a cacophony of caution.
I guess now you can buy a "lot" or "alot" at Walmart.
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