Wal-Mart Signs Lease For River North Space

Wal-Mart Stores Inc. signed a long-term lease for the space at 225 W. Chicago Ave.

By Snow Anderson
|  Monday, Jun 20, 2011  |  Updated 10:20 AM CDT
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The site of a former art supplies store in Chicago's River North neighborhood will soon be a Walmart Express.

Wal-Mart Stores Inc. signed a long-term lease for the space at 225 W. Chicago Ave., formerly a Pearl arts supplies store, according to Crain’s Chicago Business.

The 14,300-square-foot building is located underneath a Brown Line stop at the corner of Chicago and Franklin avenues. The owner of the property, Joshua Mintzer of Chicago-based Saxony Capital LLC, confirmed the deal and told Crain's he expects Wal-Mart to soon file for its building permit.

A Wal-Mart spokesman also confirmed the lease in an email: “We continue to engage with the River North community by listening to concerns, answering questions and sharing information about our small-format store.”

Wal-Mart opened its first Express store outside Arkansas, in Richfield, N.C., earlier this week.
 
The company has announced several stores in Chicago, including a mid-sized Neighborhood Market at 76th and Ashland and a convenience store at 83rd Street and Stewart Avenue. Wal-mart continues to engage Lakeview residents about a store at Broadway and Surf on the North Side.
 

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