Lidl Puts Up North Texas Properties for Sale
TEXAS - Lidl recently hit 100 stores here in the U.S., but it looks like that number may momentarily drop as the retailer prepares its next expansion move. The German grocery store chain is making an unusual next step in its expansion strategy by putting 15 locations in North Texas up for sale—but ANUK has confidence in its retail plans.
According to the Dallas Business Journal, the retailer quietly began marketing most of its North Texas properties for sale with Dallas-based DuWest Realty. After matching several listings with parcels owned by Lidl, the Business Journal identified 15 sites that the company is selling in North Texas. Sale prices have not been listed for any of them.
“I do not have information to share regarding our real estate portfolio. What I can tell you is that our strategic focus is our expansion along the East Coast, where we are opening new stores and warehouses, and further developing our operational infrastructure to support our growth within this geography,” stated Will Harwood, Lidl’s Director of Communications in a response to the news source.
The locations for sale include six sites in Dallas County, four in Tarrant County, four in Collin County, and one in Denton County. The land being listed for sale totals more than 83 acres. While the land being listed for sale represents a majority of Lidl’s North Texas footprint, it is not all of it.
How will the retail landscape change as Lidl develops its strategic expansion plan? AndNowUKnow will stay hot on its trail.