--- title: SimonCRE Plans Redevelopment of Former Walmart in Newport, AR description: Commercial real estate developer SimonCRE purchased and plans redevelopment of former Walmart in Newport, AR. image: https://blog.simoncre.com/hubfs/News%20Images/Newport-AR-MT_Main.jpg --- - [Properties](https://simoncre.com/properties/#!/main) - About Us - [Our Company](https://simoncre.com/about-us/) - [Our Team](https://simoncre.com/our-team/) - [Our Culture](https://simoncre.com/our-culture/) - [Careers](https://simoncre.com/careers/) - Approach - [Development](https://simoncre.com/development/) - [Acquisitions](https://simoncre.com/acquisitions/) - [Dispositions](https://simoncre.com/dispositions/) - Resources - [Insights](https://blog.simoncre.com/insights) - [News](https://blog.simoncre.com/news) - [Case Studies](https://blog.simoncre.com/case-studies) - [Contact](https://simoncre.com/contact-us/) ![noun_E-mail App Icon_780095](https://blog.simoncre.com/hubfs/noun_E-mail%20App%20Icon_780095.svg "noun_E-mail App Icon_780095") - [Properties](https://simoncre.com/properties/#!/main) - About Us - [Our Company](https://simoncre.com/about-us/) - [Our Team](https://simoncre.com/our-team/) - [Our Culture](https://simoncre.com/our-culture/) - [Careers](https://simoncre.com/careers/) - Approach - [Development](https://simoncre.com/development/) - [Acquisitions](https://simoncre.com/acquisitions/) - [Dispositions](https://simoncre.com/dispositions/) - Resources - [Insights](https://blog.simoncre.com/insights) - [News](https://blog.simoncre.com/news) - [Case Studies](https://blog.simoncre.com/case-studies) - [Contact](https://simoncre.com/contact-us/) SUBSCRIBE - [![](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/facebook-1.svg)](https://www.facebook.com/SimonCommercialRealEstate) - [![](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/twitter-1.svg)](https://twitter.com/simon_cre) - [![](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/linkedin-1.svg)](https://www.linkedin.com/company/simoncre) - [![](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/instagram.svg)](https://instagram.com/simon.cre) # IN THE NEWS ![](https://blog.simoncre.com/hubfs/Blog%20Files/Icons/Horizontal.svg) Recent news, press releases, and company updates [![](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/circle.svg)](https://blog.simoncre.com/news/simoncre-plans-redevelopment-of-former-walmart-in-newport-ar#down) [![](https://blog.simoncre.com/hubfs/Blog%20Files/Icons/Group.svg) back to news](https://blog.simoncre.com/news) Keyword CATEGORY - [- Buyers](https://blog.simoncre.com/news/topic/buyer) - [- Tenants](https://blog.simoncre.com/news/topic/tenant) - [- Brokers](https://blog.simoncre.com/news/topic/broker) - [- Sellers](https://blog.simoncre.com/news/topic/seller) # SimonCRE Plans Redevelopment of Former Walmart in Newport, AR June 03, 2014 [![Share on Facebook](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/facebook-2.svg)](http://www.facebook.com/share.php?u=https%3A%2F%2Fblog.simoncre.com%2Fnews%2Fsimoncre-plans-redevelopment-of-former-walmart-in-newport-ar%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/linkedin-2.svg)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fblog.simoncre.com%2Fnews%2Fsimoncre-plans-redevelopment-of-former-walmart-in-newport-ar%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://blog.simoncre.com/hubfs/Simoncre_March2020_Theme/Images/twitter-2.svg)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fblog.simoncre.com%2Fnews%2Fsimoncre-plans-redevelopment-of-former-walmart-in-newport-ar%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fblog.simoncre.com%2Fnews%2Fsimoncre-plans-redevelopment-of-former-walmart-in-newport-ar%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=SimonCRE%20Plans%20Redevelopment%20of%20Former%20Walmart%20in%20Newport%2C%20AR) A former Walmart store in Newport, AR is undergoing a transformation from an abandoned space into five new retail stores. Commercial real estate developer SimonCRE is purchasing the 85,000 square foot building and surrounding property, turning it into a dynamic shopping center. The space will be home to new retail outlets for the Newport community including Tractor Supply, Dollar Tree, Goodwill and other retail stores along with a newly constructed outparcel which will be a national fast food restaurant. Construction will begin immediately and is slated for completion by the end of the year. Commercial redevelopment projects, like the one in Newport, are becoming more prevalent throughout the United States as locations of former big box stores become available. There are a handful of national development groups that specialize in this type of project as they accurately and fully evaluate an existing structure for future opportunities. Joshua Simon, president of SimonCRE, is one of the experts in this field that is adept at working with vacant assets, then proficiently directing the project to on-time delivery. From sourcing the potential project to acquiring prospective tenants, SimonCRE’s main goal is to fulfill a need for the Newport area. Simon fully evaluates every aspect of the building including the foundation, electrical wiring, plumbing, overall maintenance and parking conditions to ensure that the space will deliver a fantastic shopping experience for the tenants and their customers while simultaneously providing residents with employment opportunities. Located on the main thoroughfare in central Newport, SimonCRE has significant improvements planned for the existing structure including subdividing the building into separate retail stores, repairs and maintenance to the facility as well as landscape and parking lot updates. After a multi-million dollar investment, the new retail spaces will vary in size from approximately 2,500 square feet to more than 24,000 square feet. “Established as the Jackson County seat and the home of a remote campus of Arkansas State University, Newport is a thriving community,” says Simon on the new addition to the area. “Instead of leaving a building empty or tearing it down, we’re proud to be able to repurpose the existing structure and renovate it. We are confident that the new shopping center will give residents some valuable retail options.”   [Redevelopment](https://blog.simoncre.com/news/topic/redevelopment) [Acquisition](https://blog.simoncre.com/news/topic/acquisition) [Announcements](https://blog.simoncre.com/news/topic/announcements) [Seller](https://blog.simoncre.com/news/topic/seller) [Tenant](https://blog.simoncre.com/news/topic/tenant) [Broker](https://blog.simoncre.com/news/topic/broker) [Buyer](https://blog.simoncre.com/news/topic/buyer) ### Related Posts Check out our latest news & views to help keep you informed May 28, 2026 [What the 60+ Acre 'Medina Station' Development..](https://blog.simoncre.com/news/what-the-60-acre-medina-station-development-will-bring-to-mesa) [read more](https://blog.simoncre.com/news/what-the-60-acre-medina-station-development-will-bring-to-mesa) May 28, 2026 [SimonCRE Snags 10-Acre West Valley Site for..](https://blog.simoncre.com/news/simoncre-snags-10-acre-west-valley-site-for-whole-foods-upscale-retail-center) [read more](https://blog.simoncre.com/news/simoncre-snags-10-acre-west-valley-site-for-whole-foods-upscale-retail-center) April 8, 2026 [SimonCRE Acquires 38 Acres to Develop..](https://blog.simoncre.com/news/simoncre-acquires-38-acres-to-develop-363000-square-foot-retail-center-in-albuquerque-new-mexico) [read more](https://blog.simoncre.com/news/simoncre-acquires-38-acres-to-develop-363000-square-foot-retail-center-in-albuquerque-new-mexico) April 8, 2026 [UNM finalizes agreement for Lobo Crossing,..](https://blog.simoncre.com/news/unm-finalizes-agreement-for-lobo-crossing-advancing-south-campus-vision) [read more](https://blog.simoncre.com/news/unm-finalizes-agreement-for-lobo-crossing-advancing-south-campus-vision) April 8, 2026 [Target officially set to anchor Lobo Crossing..](https://blog.simoncre.com/news/target-officially-set-to-anchor-lobo-crossing-project-in-southeast-albuquerque) [read more](https://blog.simoncre.com/news/target-officially-set-to-anchor-lobo-crossing-project-in-southeast-albuquerque) KEYWORD - There are no suggestions because the search field is empty. 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