Home » FOCUS » Old Wal-Mart gets new life as Ole Miss outreach center

Old Wal-Mart gets new life as Ole Miss outreach center

OXFORD — Often old Wal-Mart buildings will stand vacant for years when the retail giant moves out to establish a Wal-Mart Supercenter nearby. But that won’t happen with the old Wal-Mart in Oxford Mall, located across the street from the main campus of the University of Mississippi (UM).

The UM Foundation has used $2.6 million in private funds to purchase the old Wal-Mart, which will be used to ease campus overcrowding after being renovated for use as classroom space and as a innovation and outreach center to enhance small business development.

The 92,000-square-foot building was one of two anchor stores in the 260,000-square-foot mall. The old Wal Mart had been vacant for about a year before its purchase by the UM Foundation. The building comes along with a parking lot and 7.7 acres of land that adjoin 5.7 acres of land already owned by the university.

“We saw this as a tremendous opportunity to provide much needed prime office and classroom space and parking for the university,” said UM Foundation president Don Frug

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Becky Gillette

Leave a Reply

Your email address will not be published. Required fields are marked *

*