Lidl Purchases Future Warehouse Site for $144.6 Million; Chandler Spivey Provides Insight
FAIRLESS HILLS, PA - Staking a flag in this East Coast town, German grocer Lidl continues to expand its foothold in the United States. Recently, the chain dropped $144.6 million, property records show, to purchase the site of a planned warehouse at the Keystone Trade Center in Bucks County of Fairless Hills, Pennsylvania.
Purchasing 69 acres from Kansas City, Missouri-based NorthPoint Development, Lidl is in the “early planning phase” for a warehouse at the site, said Chandler Spivey, Public Relations Manager for Lidl U.S., in an email obtained by Philadelphia Business Journal. The company didn’t share its timeline to open the warehouse or how many jobs it plans to add.
NorthPoint had planned to build a 1.2-million-square-foot warehouse at the site purchased by Lidl, marketing material shows, but now it will be up to the grocer to carry out construction.
According to Lidl’s website, the “right site” for a distribution center is at least 60 acres in an industrial area with space for an approximately 850,000-square-foot building, easy interstate access, and have 24/7 operations allowed. In addition, the retailer stated the new site needs to be within a three-hour drive of New York; Philadelphia; Washington, DC; or Charlotte, North Carolina.
One can only speculate what the grocery chain has in store for its East Coast business, but ANUK will keep an eye out for the latest blueprints.
