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Why Stockbridge Shopped For Walmart

WASHINGTON DC 05.08.2017

MONTGOMERY COUNTY STATE OF THE MARKET

Featuring an Interview of Marriott CEO Arne Sorenson

Arne Sorenson -- Marriott International
Oliver Carr, III -- Carr Properties
Bryant Foulger -- Foulger-Pratt

S.F.-based Stockbridge bought itself an early Christmas present in Q4: a DC Walmart, for $32M. We asked managing director Mark Carlson what attracted his group to the buy, and his answer was short and sweet: "predictable cash flow and strong customer draw." DC waited what seemed like forever to get the Walmart brand to come to town, and this is one of the first to arrive, located in the Northwest quadrant of the city. Mark, speaking above at Bisnow's retail event last month, didn't comment on whether S.F.'s inventory of Walmarts is on Stockbridge's radar as well.

Related Topics: Walmart, Stockbridge, Mark Carlson