Walmart sells West Oahu parcel to Panda Express owners

Wal-Mart Stores Inc. has sold a parcel in Kapolei in West Oahu near its existing store to the billionaire owners of Panda Express for $5.75 million, according to public records.

CFT Developments LLC, which lists Andrew Cherng and Peggy Cherng, the husband-and-wife founders of Panda Express, as its managers, recently bought the parcel, which is located near the Kapolei Walmart (NYSE: WMT) store.

The California-based Panda Restaurant Group, which also owns Panda Inn and Hibachi-San, has 19 Panda…