Doug McMillon Of Walmart Purchases 16.4 Acre Development Site In Orlando For $35M

Walmart purchased a 16.4-acre development site in Orlando's tourism corridor. The transaction was completed for $35 million, and the property has a conceptual plan for approximately 150,000 square feet of retail space. It is strategically located between Disney World and Epic Universe with access to Interstate 4.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $35,000,000
• Buyer: Doug McMillon - Walmart
• Seller: The Cornerstone Group; Michael Collard - Michael Collard Properties
• Acreage: 16.4
• Market: Orlando
• Note: The property was sold after the AREA15 entertainment project was scrapped.

This transaction involved Doug McMillon as the buyer representing Walmart, while the seller was The Cornerstone Group, represented by Michael Collard of Michael Collard Properties. This acquisition is part of Walmart's ongoing expansion efforts in Central Florida.