Walmart buys its own Farmingdale store for $48M

Walmart is best known for its sales, but it recently made a noteworthy buy on Long Island: itself. The big-box retailer purchased its location at 965 Broadhollow Road in Farmingdale’s Republic Plaza for $48 million, Commercial Property Executive reported. The acquisition of the 220,000-square-foot building breaks down to $320 per square foot. The seller was N.Y. MetLife Real Estate Investment, which has owned the property since 2014. The property came online nearly a decade earlier, opening as the largest Walmart on Long Island at the time. When it debuted, the store was a mere 150,000 square feet. In 2020, however, […] This article originally appeared on The Real Deal. Click here to read the full story.