Real Estate


2022 proved to be a strong year for retail store openings

Closings declined sharply, while mass and grocery chains were among expansion pace-setters.


Cardenas Markets parent names Ted Frumkin SVP

Frumkin, a grocery veteran, will focus on real estate growth and development for Heritage Grocers Group.

CEO Andy Jassy: “If you want to have a mass physical-store offering, you need a different offering. And that’s what we’ve been working on with Amazon Fresh.”

Discount chain led in new units opened, while the Texas grocer added the most square footage, a new report from JLL shows.

The Gulf Coast grocer announced this week it purchased a shopping center in Picayune, Mississippi, to open a new grocery store there. But the grocer’s VP of corporate development said adding new locations is a “logistics nightmare” right now.

The 15,800-square-foot store will be located at 1225 West 7th St., which was previously occupied by grocer Bravo.

A number of firms that specialize in the sector reported record levels of leasing activity, as grocers continue to perform well despite inflation.

The undisclosed purchaser acquired the property from a New York-based private investor, in a deal that demonstrates the strength of grocery real estate.

A proposed agreement over tax increment financing for improvements at an office campus in Marlborough, Mass., to be discussed next week; move could take place in 2022.

The former Sprouts, Walmart real estate executive, who has built more than 500 stores, will help the specialty grocer "innovate."

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