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Kroger Buying 15 Harris Teeter Stores Here

ATLANTA-Ruddick Corp., the Charlotte-based parent of the grocery chain, is also selling 12 other unprofitable locations in South Carolina. A buyer for those properties and the selling prices haven't been announced. Total square footage involved: 1.62 million.

By Alex Finkelstein | Updated on June 25, 2001

ATLANTA-Spotting a weak segment in its portfolio, Harris Teeter Inc. of Mathews, NC, one of the 50 largest grocery chains in the United States, is unloading 27 properties totaling an estimated 1.62 million sf.

Cincinnati-based Kroger Co. is buying 15 of the assets containing an estimated 900,000 sf. Terms and price were not disclosed.

The transactions are expected to be completed in the fourth quarter. Fourteen of the stores are in Atlanta; the 15th is in nearby Athens, GA.

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