(Carl Cronan is editor of RealEstateFlorida.)
ORLANDO, FL-When Aldi Group began its expansion into Floridaearlier this year, starting with 25 stores and a distributioncenter near Interstate 4, the German grocery chain wasn't trying totime it with the current economic downturn. Yet its new storesstand to gain instantly from shoppers looking to stretch dollars onfood and other necessities, as well as the availability of qualitylocations vacated by other supermarkets.
Ten of Aldi's new stores are former locations of Albertson's,Winn-Dixie and U-Save, all of which have scaled down or sold offstores in response to the tougher sales climate. Aldi plans tobuild another ten stores around the state, with five more openingin new shopping centers.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
