Kroger buys land for a second Marketplace store in Chesapeake
S.L. Nusbaum Realty Co. said Monday that Kroger Limited Partnership I has purchased 16.8 acres at Dominion Boulevard and Cedar Road in Chesapeake for a second store in that city.
The company paid $8.2 million for the land, owned by Chesapeake Development. Tommy Drew, vice president, retail brokerage and sales for Nusbuam, represented Kroger in the transaction.
A new retail center, Dominion Commons, is slated to house the new 124,000-square-foot Kroger Marketplace, which is expected to bring hundreds of jobs to the city as well as $1 million per year in tax revenue.
According to Nusbaum, the store will have 94,000 square feet of grocery store space with about 30,000 square feet of general merchandise, pharmacy, health and beauty and jewelry, as well as a fuel center.
This marks the seventh overall new store opening and the sixth Kroger Marketplace, the grocer’s larger store, in the Hampton Roads region.