Escrow closed Monday on parcels at Silver City Mall, clearing the way to for Lowe's Home Improvement Warehouse to build a proposed 135,000 square foot hardware store.
Escrow documents filed Monday show the sale of 11.2 acres of land owned by Tom and Margarita Wakimoto for $4.77 million. Wakimoto has declined to to comment publicly on the sale, but he has told tenants notification of lease terminations wouldn't be made until escrow closed.
No information was immediately available Monday evening on when Lowe's plans to begin construction.
A .78 acre parcel and 4.75 acre parcel where Sav-On Drugs, Office Depot, Big Al's Pizza and Ming's Chinese Restaurant all sit sold to a company called FADCO for around $2.35 million.
No information was immediately available on FADCO or its intent for the property.
