Walton-led entity buys 900,000 square feet of former Walmart Home Office for $73 million

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by Jeff Della Rosa ([email protected]) ago 0 views 

Five office buildings comprising 900,302 square feet at and north of the former Walmart Home Office at Southwest Eighth Street and South Walton Boulevard in Bentonville recently sold for $73.12 million. The purchase price equals $81 per square foot.

ABN Holdings LLC, owned by Steuart Walton, a director of Walmart Inc., and his younger brother Tom Walton, bought a three-story, 728,356-square-foot office, a single-story, 41,595-square-foot office, and a single-story, 13,665-square-foot office on 37.78 acres at 702 S.W. Eighth St.; a single-story, 70,244-square-foot office on 6.69 acres at 601 N. Walton Blvd.; and a single-story, 46,442-square-foot office on 5.27 acres at 311 N. Walton Blvd. The acquisition also included 22.24 acres of parking lots and green space adjacent to the offices.

Walmart was the seller. Waco Title Co. in Springdale was the title agent.

Steuart Walton and his brother Tom Walton are the grandsons of Walmart founders Helen and Sam Walton and the sons of Jim Walton, chairman of Arvest Bank Group.

Earlier this year, ABN Holdings bought a single-story, 77,795-square-foot office on 3.12 acres at 608 S.W. Eighth St. at the former Walmart Home Office for $19.92 million. An adjacent three-story, 161,340-square-foot office on 4.67 acres at 508 S.W. Eighth St. was also transferred to ABN Holdings on the same day.

Runway Group, a diversified holding company based in Bentonville and led by Steuart Walton and Tom Walton, recently tore down those two buildings and began site work for a mixed-use development with office, hotel, multifamily and retail components.

In May 2025, the Walton family announced plans to establish a university at the former home office site, along with the mixed-use development. In February, Dr. David Mazyck was named the inaugural president of the nonprofit, business-infused university, focusing on science, technology, engineering, and mathematics (STEM) education.

In April 2022, Walmart disclosed it would sell the former home office site to ABN Holdings for $60 million. The nearly 65-acre site had grown since established by Sam Walton in the early 1970s.