A discount superstore and a large vacant tract of land on a bluff overlooking the Parkway West could become the latest symbols of the region’s growing energy identity.
Global energy giant Chevron has reached agreements to acquire 61 acres of land in Moon, including a Kmart targeted for closing in July, as a potential site for a regional headquarters.
The San Ramon, Calif.-based company made the announcement Wednesday, only days after Sears Holdings Corp. confirmed it would be closing the Kmart. It made no mention at the time that the store was closing to make room for the first major global driller to build a regional campus.
In its statement, Chevron said it expects to close on the acquisitions in the next few months. No terms were disclosed. It said a decision on the use of the properties would be made later this year.