Discount grocer Ali has signed a lease for a new 20,110 s/f at Triangle Junction in Flatbush, Brooklyn.
RIPCO Real Estate’s Esther Bukai represented the store while
Peter Botsaris, Botsaris Morris Realty, represented landlord Triangle Equities
in the deal.
“Aldi is a perfect
addition to the Flatbush neighborhood, providing quality grocery product to the
area during a time when many are dining from home. We are increasing our volume
of deals in this asset class and are actively looking for more sites,” said
Situated at 2201
Nostrand Avenue, Triangle Junction is a 600,000 s/f Target-anchored shopping
center. Developed by Triangle Equities in partnership with the NYC Economic
Development Corporation (EDC) is has been hailed for sparking a development
revival in the neighborhood where 1.2 million people live within a three-mile
Aldi will open its new store in the fall after building out a space previously occupied by The Children’s Place and David’s Bridal.
German-based ALDI is in the midst of a nationwide expansion
that will add 100 new stores across the US this year, with a focus on Arizona,
California, Florida and the Northeast.
The retailer is also expanding its eCommerce offerings,
adding curbside grocery pickup to more than 1,200 locations. It has also broken
ground for a new regional headquarters and distribution center in Loxley, Alabama
“We’re incredibly proud to continue growing in all
aspects of our business, from opening new stores to enhancing our eCommerce
offerings, especially in light of the challenges businesses have faced in the last
year,” said Jason Hart, CEO, ALDI U.S. “Our commitment to our shoppers,
new and existing, is the same — we will do everything in our power to offer the
lowest possible prices every day — and we look forward to supporting more
communities across the country with amazing ALDI products at a value that can’t
ALDI is one of America’s fastest growing retailers. With more than 2,000 stores across 37 states, it is on track to become the third-largest grocery retailer by store count by the end of 2022, behind Walmart and Midwest giant, Kroger.
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