It’s a done deal: Wal-Mart is coming to Reynolds Crossing.
The retail giant purchased a 10.2-acre parcel at the intersection of Glenside Drive and Forest Avenue from Reynolds Development for $6.1 million. The deal closed Dec. 27. Lee Warfield, president at Cushman & Wakefield | Thalhimer, represented Wal-Mart.
Robert Reynolds, a principal at Reynolds Development, said Wal-Mart plans to break ground on the 90,000-square-foot store in April to be ready for a spring 2014 opening.
Reynolds said that his company is working on plans for the surrounding retail.
“We’re in the process of doing the conceptual development now,” Reynolds said. “We’re probably looking at 50,000 to 60,000 square feet of small, supporting retail, but the market will determine that.”
CBRE brokers David Crawford and Martin Blum will represent the developers in leasing the property.
Henrico County green-lighted the project in September after months of haggling with the surrounding neighborhoods.