The Walmart location on University Commons Way near the University of Tennessee campus will close next month, according to a spokesperson for the company.

Anne Hatfield with Walmart confirms the store, located at 2501 University Commons Way, will close its doors for good on March 29. The pharmacy will close earlier, on March 15.

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Prescriptions will be transferred to the Walbrook Drive location or anywhere a customer requests.

Hatfield says 160 employees will be affected, but transfers will be offered to other stores.

She said this was a difficult decision for the company, but factors that went into the decision included the fact that there are three Walmart stores within five miles, as well as store performance.

The University Commons Way location opened in August 2014 as the first tenant in the University Commons development.