{"id":1004789194,"date":"2026-02-25T06:49:37","date_gmt":"2026-02-25T14:49:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004789194"},"modified":"2026-02-25T06:57:36","modified_gmt":"2026-02-25T14:57:36","slug":"exclusive-walmart-buys-new-york-store","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-walmart-buys-new-york-store\/","title":{"rendered":"Exclusive: Walmart Buys New York Store"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004789235\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-walmart-buys-new-york-store\/image-57\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Exterior shot of Walmart Store\" data-image-description=\"&lt;p&gt;Image by wolterke\/AdobeStock&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Image by wolterke\/AdobeStock&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png?w=1024\" alt=\"Exterior shot of a Walmart store.\" class=\"wp-image-1004789235\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The Walmart store anchors the 252,000-square-foot Republic Plaza. <em>Image by wolterke\/AdobeStock<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Walmart Realty has bought the 220,000-square-foot building it occupies at Republic Plaza, a 252,000-square-foot shopping center in Farmingdale, N.Y. MetLife Real Estate Investment sold the property for $48 million or $320 per square foot, according to Yardi Matrix information.<\/p>\n\n\n\n<p>Located at 965 Broadhollow Road on Staten Island, the Walmart store had been under MetLife Real Estate\u2019s ownership since 2014. The 149,706-square-foot property came online in 2006, being at the time the largest Walmart prototype on Long Island. Then, in 2020, the retail building was expanded by 62,450 square feet and the store became a Walmart Supercenter.<\/p>\n\n\n\n<p>Republic Plaza is just east of U.S. Route 110 and west of Republic Airport. The property is part of a retail corridor that also includes Airport Plaza.<\/p>\n\n\n\n<p>For this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-market-trends\/\">retail market trends<\/a> predict resiliency, with strong demand focused on necessity-based, new or renovated assets. The sector faced several challenges in 2025, such as elevated costs, tariffs and negative net absorption; however, leasing activity and occupier demand registered a rebound toward the end of the year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-add-to-cart-walmart-s-retail-locations\">Add to cart: Walmart&#8217;s retail locations<\/h2>\n\n\n\n<p>The U.S. division of Walmart had a strong end of the 2026 fiscal year. During the 12 months ended Jan. 31, the company has opened 12 new stores and completed 675 store remodels. Out of them, four new Supercenters and 125 remodels came online in the fourth quarter of last year.<\/p>\n\n\n\n<p>During the last few years, Walmart has also begun purchasing the retail spaces it occupies, shifting from tenant to owner, as well as shopping centers that house those spaces. Recent examples include <a href=\"https:\/\/www.commercialsearch.com\/news\/walmart-buys-pittsburgh-shopping-center-for-40m\/\">Bethel Park Shopping Center<\/a>, a 202,358-square-foot asset in Pittsburgh\u2019s Bethel Park suburb, and the 165,000-square-foot property at 650 Main Ave. in Norwalk, Conn. The company now owns most of its U.S. locations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The retailer currently owns most of its locations across the U.S.<\/p>\n","protected":false},"author":3619,"featured_media":1004789235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1600,21742,10,21749],"tags":[35530,32917],"class_list":["post-1004789194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-new-york","category-latest","category-northeast","category-retail","tag-metlife-real-estate","tag-walmart"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive: Walmart Buys New York Store - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Walmart Realty bought the 220,000-square-foot store it occupies at Republic Plaza, a 252,000-square-foot shopping center in Farmingdale, N.Y.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-walmart-buys-new-york-store\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Walmart Buys New York Store\" \/>\n<meta property=\"og:description\" content=\"Walmart Realty bought the 220,000-square-foot store it occupies at Republic Plaza, a 252,000-square-foot shopping center in Farmingdale, N.Y.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exclusive-walmart-buys-new-york-store\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-25T14:49:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-25T14:57:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/image_c80b0e.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-walmart-buys-new-york-store\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-walmart-buys-new-york-store\/\",\"name\":\"Exclusive: Walmart Buys New York Store - 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