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Lowe's recently stated their target move-in is the summer of 2022. [6] The hiring numbers for the 1,600 new positions [3] stands at 1,200 employees. In November 2021 the building was sold to New York-based Apollo Global Management for $318 million. This sale set a record for the highest price per square foot at $889/sq ft ($9,570/m 2).
In 2002, Lowe's acquired full control over the 440,000 square feet (41,000 m 2) building after the 10 remaining mall tenants vacated the property. A year later, Lowe's constructed and relocated the corporate headquarters to a new, 350-acre campus in Mooresville, North Carolina .
In 1964, Bud Lowe opened the first Lowe's Market, a small grocery store, in Olton, Texas. The company began the process of gradual expansion into small and medium-sized towns in Texas and New Mexico. Some of the stores are similar to large convenience stores, between 2,000 sq.ft. to 4,000 sq.ft., however, stocked with fresh meat and produce.
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