Publix, Aldi, Schnucks, and Others Officially Win Lucky's Market's Florida Stores
FLORIDA - More news recently surfaced surrounding Lucky’s Market and its Florida locations. Following closures, a bankruptcy filing, and completed sales, Lucky's has now announced that multiple retailers have officially claimed more of its former real estate. Amongst the new owners are Publix Super Markets, Aldi, and Schnuck Markets, with the acquisition deals overall totaling a sale of $29 million.
For Publix, this purchase is a strategic investment that is expected to help meet increased demands brought on by COVID-19. Though an official date for the facility conversions has not been announced, Publix stated that the earliest closing date will be April 13.
"After closing, there’s still the design and permitting phase, so construction would not begin immediately," Publix's Director of Media and Community Relations Maria Brous said Friday, according to the Tampa Bay Business Journal.
According to abc 17 News, 23 Lucky’s stores in total were sold to 10 different companies. This included Schnuck Markets, who purchased a store in Colombia, accelerating the grocer's expansion in that region.
"We intend to open and operate the store as a Schnucks as soon as possible, but do not yet have an opening date given the current circumstances," a Schnucks spokesperson said in a statement. "Schnucks' HR team plans to speak with all of the store's 89 employees and make employment offers to them."
The retailers that were part of the Florida purchase are as follows:
- Publix paid $11.5 million for five leased locations in Naples, Neptune Beach, Clermont, Orlando, and Ormond Beach
- Aldi purchased one Oakland Park-based store and five leased stores in Coral Springs, Sarasota, Vineland, Colonial Landing, and Venice for $7.8 million
- Southeastern Grocers bought four leased stores in Gainesville, Melbourne, Fort Myers, and Lake Mary for $2.4 million
- Seabra’s Market paid $1.25 million for a leased store in Hunter’s Creek
- Dollar General paid $1 million for an Orlando-based distribution center
- Shnuck Markets paid $86,000 for a new store
As the retail real estate landscape continues to shift, keep checking in with us at ANUK.