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Wednesday, May 09, 2007

Lafayette In Vegas, Baby!

The International Council of Shopping Centers' annual convention in Las Vegas will be the site of a marketing campaign by WalMart's brokers that includes details to the tremendous opportunities awaiting buyers of WalMart's soon-to-be-vacant big box on South Boulder Road.

Check out the bee-yoo-tee-full aerial photo of Lafayette's Walmart with sweeping western views on the cover of the Vegas marketing brochure. Check out the page 4 photo too.

The City sent out details saying Wal-Mart has contracted with DTZ Rockwood LLC to arrange the sale of a number of their properties, including their soon-to-be vacant store in Lafayette. Wal-Mart is also willing to pay a 2% commission to any commercial broker who arranges for the sale of the property.

And then it will sit empty for years. Maybe that's too cynical. But the lack of response to the City's RFP for redevelopment was not a good start to the revamping we'd all like to see.

Read more in the Camera.

1 comment:

Anonymous said...

So with average household income within five miles of W*M at $104,500, why didn't the Old Albertsons sell or bids submitted in response to the RFP for the existing W*M building?

Looks like its on the cover because of the highest income per household on the list. Only one for sale in Colorado and the farthest west.

Great aerial shot. Should be a steal.