Investment firm RxR Capital Group has purchased a former Walmart building in North Lauderdale for $7.7 million. Located at 7300 West McNab Road near the University Hospital and Medical Center, Walmart shuttered the store after replacing it with a newly built supercenter down the street. The purchase contract stipulates that RxR cannot bring in a grocery tenant larger than 12,400 square feet, “Big Lots” stores above 35,000 square feet, or discount department stores above 50,000 square feet. The company financed the deal with a $11.97 million mortgage tendered through BankUnited.
