Walmart Closes on Prairieville Site for new store

Walmart, through its real estate business trust, has purchased the southeast corner of La. highways 44 and 42 in Prairieville, on which it plans to build a new 42,000-square-foot store and gas station. The sale closed on Jan. 27 for $3,022,500, or about $10.38 per square foot. Dennis Carlton of Carlton & Associates Real Estate represented the purchaser, while Gregory Bruce with Corporate Commercial Properties represented the seller. The property is currently occupied by a small strip center that’s home to Bruno’s Bakery, Deli and Meat Market. Demolition of the existing buildings on site should begin sometime in April or May of this year, and construction is expected to begin immediately thereafter. The road improvements to La. 42 seem to be spurring some new development in the area.