Lidl is reportedly planning three new Bucks County, PA supermarkets. They are slated for Warminster, Bristol Township and Bensalem. The Warminster location is planned for a parcel where a Pathmark once stood on York Road, near the intersection of Street Road, across...
The Philadelphia Tribune reported last week that Brown’s Super Stores President and CEO Jeff Brown is weighing a run for mayor in 2023. Brown owns and operates several ShopRite stores in Philadelphia and the suburbs, and has garnered goodwill over the years by...
Homes near an Aldi grocery store realized an average five-year home price appreciation of 41 percent, according to ATTOM Data Solutions’ annual Grocery Store Wars analysis, which was released just before Christmas. Trader Joe’s (35%) and Whole Foods (33%)...
Earlier this month the Northampton Township (Bucks County) Planning Commission recommended approval for plans to redevelop Richboro Plaza on 2nd Street Pike with a new, 50,340 square foot Giant supermarket. Giant will be built on the site of the former Murray’s...
U.S. online grocery sales totaled $8.1 billion in November, according to a Brick Meets Click / Mercatus grocery shopping survey. Monthly sales have remained above $8 billion since May, led by grocery delivery and pickup services, which generated $5.9 billion, or 73%...
Discount grocers Aldi and Lidl opened stores in Philadelphia last week. Aldi’s new store near the Divine Lorraine apartments at Broad Street and Fairmount Avenue opened on Thursday, representing its 11th city location. Lidl opened a store on Wednesday at...
Giant Food’s parent company, Ahold Delhaize, and private equity firm Centerbridge Partners announced yesterday that they plan to acquire online grocer FreshDirect. Netherlands-based Ahold Delhaize would be FreshDirect’s majority owner. FreshDirect operates...
Reuters reported earlier this week that Instacart, the online grocery delivery company, is preparing for an initial public offering valued at about $30 billion. The report states that Instacart has engaged with Goldman Sachs to lead the IPO, which could be launched...
Jacob Adelman of The Philadelphia Inquirer posted an article yesterday saying that a company linked to Alterra Property Group is working on a deal to buy part of the historic Strawbridge’s department store building from PREIT, possibly to lease it to...
Amazon announced yesterday that it plans to expand its contactless Key In-Garage Delivery service and add grocery to the mix. The service allows Prime members to have their Whole Foods or Amazon Fresh online delivery orders placed in their garage. The program first...
David, a licensed PA & NJ real estate agent, “runs with” Equity Retail Brokers in Plymouth Meeting, PA. He spends most of his time leasing shopping centers for the likes of Kimco Realty, Echo Realty, The Gambone Group, Hilton Realty, Hutensky Capital Partners and others. David also represents select regional and national retail tenants, sells bank-owned properties and blogs about the supermarket industry. Equity Retail Brokers provides comprehensive retail real estate services through the company’s sales, leasing, tenant representation and asset management divisions. David is left-handed and his brother is a Mason.