Save-A-Lot breaks ground on new DC
Lexington, N.C. — Grocery retailer Save-A-Lot announced Thursday it will break ground on a new 325,000-sq.-ft. food distribution center in Lexington, N.C.
The center is expected to open by December 2011. It is the result of collaboration with the state of North Carolina and its One North Carolina Fund, the North Carolina Department of Commerce, Davidson County and the City of Lexington.
“With this project, Save-A-Lot plans on investing more than $24 million in Lexington over the next three years,” said Bill Shaner, Save-A-Lot president and CEO.
Save-A-Lot, a division of SuperValu, operates more than 1,200 stores in 39 states, and has identified plans to double the number of stores it operates nationally over the next five years. Currently, there are 24 Save-A-Lot stores in North Carolina, including one in Lexington, with plans to open an additional three stores by March, as well as two additional stores in South Carolina. The new distribution center will help support the company’s growth plans in North Carolina and the surrounding area, which the company has identified as a key region for growth.
Inland buys nine Dollar General stores
Oak Brook, Ill. — Inland Real Estate Acquisitions said Thursday it has purchased nine Dollar General stores in Alabama and Georgia for $8.5 million.
According to a report by the Atlanta Business Chronicle, the stores were built in 2010 and all leased to Dollar General Corp. through 2025 with multiple renewal options.
The stores range in size from approximately 9,000 sq. ft. to 10,600 sq. ft.
TJX HomeGoods to open on Michigan Avenue
Chicago — Oakbrook Terrace, Ill.-based Mid-America Real Estate Group said Thursday that TJX’s HomeGoods has signed a lease for 25,503 sq. ft. of space at 600 N. Michigan Avenue.
The site is the largest single-footprint space available in the district.