Aldi is expanding in Richmond
- July 28, 2014
Aldi, a German-based based discount grocery chain, continues to prepare for multiple locations in Richmond.
Although it hasn’t opened a store yet, it’s moving forward, with a lease and land acquisitions.
According to Cushman & Wakefield | Thalhimer, the company has bought land for two stores. It purchased a 1.4-acre site from Spirit Master Funding at 1176 Parham Road in Richmond and a 2.9-acre site from South Bay Development at Temple Avenue and Dimmock Parkway in Colonial Heights.
Terms of the acquisitions were not disclosed. Bruce Bigger of Thalhimer handled sale negotiations on behalf of Aldi.
The company also has leased 15,750 square feet of space in the Hanover Village Shopping Center on Mechanicsville Turnpike in Hanover County and has plans for stores in Henrico County. The stores will carry mostly Aldi brands.