MINNEAPOLIS – The recent sale of 30 Rainbow Foods stores to Roundy’s and the possible entry of another national supermarket chain could be a boon for shopping center landlords and make the Twin Cities grocery store market worth watching over the coming months.

For instance, the Twin Cities area’s largest grocery store retailer, Cub Foods, recently announced it was adding six new stores over the next year or two. And SuperTarget, the grocery-discount combination from Minneapolis-based Target, continues to grow in the Twin Cities.

Despite the fact that many of the national grocers such as Kroger’s and Safeway have shied away from the Twin Cities market, United officials think that there’s a possibility of another chain coming here. In addition, Super Wal-Mart is moving closer to the Twin Cities metropolitan area, with several of these stores in small towns just beyond the outer ring of the area.

Dallas-based Fleming Cos., which had filed for protection from creditors under Chapter 11 of the federal bankruptcy code a year ago, recently sold its Rainbow Foods grocery store chain to Pewaukee, Wis.-based Roundy’s.

Roundy’s plans to make a significant investment in the stores, and that could in turn spur a revitalization of the neighborhood and community shopping centers which Rainbow is an anchor tenant, according to a new report by United Properties, a commercial real estate firm based in Bloomington, MN.

The 26-year-old Rainbow Foods was one of the first warehouse-style grocery chains in the country. But the chain had fallen to the No. 2 position in the Twin Cities with 36 stores behind the 44 stores owned by Cub Foods, owned by Minneapolis-based SuperValu.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 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.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2023 ALM Global, LLC. All Rights Reserved.