Developer extends its Walmart shadow

Schostak Brothers has added six multi-tenant properties to its “Shadow Walmart” portfolio of retail space adjoining supercenters, bringing it to a total of 73. The new additions are located in Louisiana, Mississippi, and Texas.



“In the last decade, we have pursued an aggressive growth strategy in order to assemble one of the largest Walmart Supercenter shadow-anchored shopping center portfolios in the United States,” said Schostak COO Warren Strietzel.



The six properties, which average a 92% occupancy rate, add nearly 160,000 sq. ft. of space to Schostak’s portfolio. Tenants include Hibbett Sports, PetSense, Dollar Tree, Rue 21, and Shoe Show.

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