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Kroger Purchases Real Estate in Florida for $5.15 Million

Kroger Purchases Real Estate in Florida for $5.15 Million

Monday, January 18th, 2021

Florida remains on Kroger’s radar as the retail chain closed a $5.15 million deal. Recently, the Cincinnati-based grocer purchased a parcel of land in Bradenton, Florida, closing the deal on December 22, 2020.

In 2014, Kroger acquired retail banner Harris Teeter. As a result of that acquisition, according to local news source Tampa Bay Business Journal, Kroger has only one store in Florida. In addition to the Harris Teeter in Fernandina Beach near the Georgia line, Kroger will be adding roughly four acres of land to its portfolio.
Cincinnati-based Kroger recently purchased under four acres of land in Bradenton, Florida, for $5.15 million

Kroger currently operates a Customer Fulfillment Center in Florida as a result of its partnership with Ocado. The robotic warehouse is a fulfillment center for online grocery shopping.

So far, Kroger spokespersons have not commented on what the purchase signifies for the company, nor what the property’s use could be.

As the retail world keeps growing, Deli Market News will continue to report.