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Will Amazon’s Acquisition of Whole Foods Eat Up the Net Lease Industry?

On August 28, Amazon officially acquired Whole Foods. There have been some immediate customer facing changes such as slashing prices on a selection…

Jonathan Hipp

On August 28, Amazon officially acquired Whole Foods. There have been some immediate customer facing changes such as slashing prices on a selection of common foods and offering the Amazon Echo and Dot devices in stores. Amazon has promised even more changes in the future.

The acquisition of Whole Foods will give Amazon’s physical distribution network a larger footprint. Currently, “Amazon Locker” pickup points, while many in number, are constrained by both their physical size and the number of available lockers.  Now Amazon customers will be able to pick up larger items and even return products via Whole Foods locations. The purchase of the grocery chain has also been expected to further Amazon’s grocery delivery service. Many products from Whole Food’s 365 brand are now available on the online retailer’s website.

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Jonathan Hipp

Jonathan Hipp

Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.

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