Garden Ridge coming to Corpus Christi

Sam’s Club will be closing their store located at 4949 Greenwood Drive, Corpus Christi, Texas and moving to the southeast corner of South Padre Island Drive (HWY. 358) and Everhart Road.  This is the location of a former Wal-Mart that was recently torn down to make room for the larger Sam’s Club.  Sam’s made the decision to move closer to the new proposed Costco which is rumored to be located at the southeast corner of Rodd Field Road and South Padre Island Drive (SPID).  Sam’s move is seen as a strategic move to counter the newer and more upscale Costco.

Costco Wholesale Corporation is a membership-only warehouse club that provides a wide selection of merchandise. As of July 2012, it is the second largest retailer in the United States, the seventh largest retailer in the world and the largest membership warehouse club chain in the United States.

Wal-Mart which owns Sam’s Club listed the property at Greenwood for $3,700,000.  Employees of Sam’s and other sources that don’t want to be named, confirmed that Garden Ridge will be taking over the old Sam’s Club location.  We have not confirmed whether Garden Ridge has the property under contract or an investor/developer will lease the property to Garden Ridge.  We contacted Garden Ridge to confirm but they refused to comment.

We feel that Garden Ridge will be an excellent replacement for Sam’s and a good use of the building.  According to Wikipedia, Garden Ridge is a privately held home decor retail chain based in Plano, Texas. Starting in 1979 with just one store in Schertz, Texas, the store was then known as Garden Ridge Pottery.

Matthew Cravey,  President of Cravey Real Estate Services, Inc. represented Sam’s Club in the purchase of the land on Greenwood Drive in 1985. The site is 17 acres and the original building was 106,000 square feet.  Later the building was expanded to it current size of approximately 138,000 square feet.

Contact our office or go to our web site if you are needing more information or help with any of your commercial real estate needs.

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