Monitoring the economic pulse of the Triad
Vacant retail space on Greensboro’s High Point Road claimed by Wal-Mart
Wal-Mart Stores plans to open a new Neighborhood Market at the old Borders bookstore location on High Point Road in Greensboro.
The 2011 closing of Borders, the shopping center’s anchor tenant, left a vacuum in the commercial fabric at the busy intersection of High Point and Holden roads in southwest Greensboro.
William C. Wertz, a spokesperson for Wal-Mart Stores, said on Monday that the retail giant has completed permitting and plans to solicit bids for retrofitting work early this year. While no specific date has been set, the store is expected to open before the end of the year. Guilford County tax records reflect that the Wal-Mart Real Estate Business Trust acquired the property on Dec. 27.
The Neighborhood Market format primarily serves as a grocery store and pharmacy with a smaller selection of general merchandise. The store is expected to employ 90 to 95 people. The larger Supercenters remain Wal-Marts primary growth driver.
“We have become more flexible in our approach to communities,” Wertz said. “We want the store size to be a reflection of the surrounding area, but still serve local customer needs. Customers appreciate having more affordable grocery options close to where they live or work, and they also value convenience.”