Real Estate

Stores

Cardenas Markets parent names Ted Frumkin SVP

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

Amazon

Amazon tinkers with its grocery store formula

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."

The Planned Grocery service, which tracks future grocery stores, has integrated a parallel database of new home development activity from a sister company.

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