Skilken Gold Sell Six Walmart Neighborhood Markets for $78 Million

Written by Al Urbanski

Skilken Gold has announced the sale of six Neighborhood Market stores, one of which was a prototype of Walmart’s new design for its grocery store concept.

The Louisiana stores all average about 42,000 sq. ft., including the Baton Rouge location that emerged from Walmart’s “build-to-suit” program initiated in 2014.

The Hampshire Companies and a South Korean partner acquired the properties for $78 million.

“Finalizing this sale was a collaborative effort between the Walmart and Skilken/Gold teams, and a testament to our ongoing partnership,” said company CEO Ken Gold.

Cypress Equities, another preferred partner in the build-to-suit program, sold six Neighborhood Markets in Alabama and South Carolina in March.