X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MINNETONKA, MN-Snyder’s Drug Stores plans to relocate its entire Drug Emporium Division headquarters from Columbus, OH to Minnesota. As part of the move, the drug store chain is adding about 5,000 sf of office and storage space to its headquarters offices here.

The company, which already leases 19,904 sf at the Woodhill Plaza office building, has upped that amount to 22,829 sf of office space and storage space, says company spokeswoman Cathryn Kirkham. Woodhill Plaza, which is located at 14525 Highway 7 in Minnetonka, is managed by Colonnade Properties. In addition, Snyder’s has set aside about 2,100 sf for future expansion.

Snyder’s officials says about 25 employees would be added to the current staff of about 120 employees at the headquarters facility. The company has a total of about 6,000 employees, Kirkham says.

Snyder’s, which itself was recently bought by the Edmonton-based Katz Group, recently closed on a $21 million deal to buy Drug Emporium, which had been reorganizing in Federal bankruptcy court in Youngstown, OH. The Drug Emporium had added about 77 stores to the Snyder’s chain under the names Drug Emporium, F&M Super Drug Stores and Vix Drug Stores. The company also franchises additional stores under the Drug Emporium name).

As a result, Snyder’s now owns and operates 161 corporate stores and supports more than 100 independent retailers in Iowa, Illinois, Michigan, Minnesota, Montana, South Dakota and Wisconsin under the Snyder’s name through its distribution center inEagan, MN.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.