A Former Walmart Store Will Transform Into Office Space Under New Ownership

A Texas real estate company has purchased a former Walmart store in south Charlotte that it will transform into an office building, as developers across Charlotte look to repurpose shuttered big-box stores. Texas-based Artesia Real Estate said in a press release Thursday that it will turn the Walmart store, near the intersection of South Boulevard and East Arrowood Road, into 115,000 square feet of office space. In the release, Artesia said it is targeting users such as a customer service center or back-office support team. The company did not disclose the cost of the project. Artesia purchased the site in June for $5 million, property records show. The previous owner, White Oak Real Estate Advisors, which bought the store in 2017, also had plans to turn it into an office and call center space, the Observer has reported. Click to read more at www.charlotteobserver.com.