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Wal-Mart closes on land for Chatham supercenter

A vacant lot on the 50-acre Chatham Market, a shopping center at 83rd Street near the Dan Ryan Expressway, where Wal-Mart wants to build its second city store. (Michael Tercha/Chicago Tribune)

Wal-Mart Stores Inc. closed on the sale of a piece of land on Chicago’s South Side where it plans to build a long-anticipated 155,000-square-foot supercenter.

The world’s largest retailer paid about $10 million for the 13.5 acre parcel at the Chatham Market shopping center at the corner of 83rd Street and South Holland Road, according to a person close to the deal. The store is slated to open next year. Get the full story »