German grocery store chain Lidl has been on a trajectory of growth as of late both in the U.S. as well as abroad. It looks like the retailer is honing in on its U.S. expansion, however, as it prepares for its next strategic move. Lidl recently announced it is putting 15 locations in North Texas up for sale.
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.
“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 totals more than 83 acres. Sale prices have not been disclosed for any of them.
While the land being listed for sale represents a majority of Lidl’s North Texas footprint, it is not all of it.
As Lidl continues to plan its U.S. growth, how will the retail landscape evolve? Deli Market News will continue to follow the newswire.