The nine stores total an estimated 500,000 sf.
Although neither party would disclose the purchase price, Mark Sellers, president of Winn-Dixie's Central Florida division, says in a published statement the chain could have built nine comparable stores for less than the acquisition price.
Construction industry sources tell GlobeSt.com the estimated hard cost for nine 50,000-sf stores would be about $45 million, or $5.55 million per store.
Winn-Dixie plans to keep the Gooding's name on its new acquisitions for at least a year to appease loyal shoppers who have patronized the chain during its 36-year existence.
Jacksonville, FL-based Winn-Dixie is experiencing its roughest financial year in its 75-year-old history. The company lost $229 million in the first half. The stock is trading at $14 on the New York Stock Exchange.
Winn-Dixie has 149 stories in the 12-county Central Florida market.
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