PLEASANTON, CA
Safeway has reached a definitive agreement to sell 11 of its Dominick's stores in the Chicago metropolitan area to Roundy's, Inc in a cash and lease assumption transaction. Roundy's will acquire the locations during a transition period that will take place over the next two months, according to a press release. The transaction is subject to customary closing conditions.
With former Dominick's employees now in Roundy's executive ranks including Robert Mariano, CEO and President; Steve Jarzombek, VP of Produce and Donald Rosanova, Executive Vice President of Operations, it begs the question... could Roundy's have gotten the pick of the litter?
The company revealed earlier this year that it had made the decision to exit the Chicago market and focus its efforts in other operating areas where its business is stronger. The company continues to be actively engaged in a process to identify purchasers for its remaining stores in the Chicago market. Four stores in the greater Chicago area have already been sold to New Albertsons, Inc., which operates Jewel-Osco grocery stores.
The eleven stores in the Roundy's agreement are:
• Park Ridge: 1900 S. Cumberland Ave.
• Western Springs: No. 14 Garden Market St.
• Chicago: 3145 S. Ashland Ave.
• Chicago: 2021 W. Chicago Ave.
• Northfield: 1822 Willow Rd.
• Westchester: 3020 S. Wolf Rd.
• Buffalo Grove: 450 Half Day Rd.
• Chicago: 5201 N. Sheridan Rd.
• Gurnee: 6655 Grand Ave.
• Aurora: 3025 E. New York St.
• Shorewood: 950 Brook Forest Ave.
Stay tuned to DeliMarket TV as the remaining Dominick's stores find their new owners.
