I imagine other supermarket operators will follow ShopRite’s lead. 20% is an impressive savings.
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By David Goodman
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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.