Kroger to purchase Giant Eagle supermarket chain in $1.65B deal
Kroger is buying Giant Eagle, adding 197 stores and 11 pharmacies across five states. The Ohio-based grocery giant announced the purchase July 1.
- The Giant Eagle Northfield Center Township site was sold to a real estate investment trust for over $10 million.
- The sale took place July 6 between Sacco of Macedonia and buyer FrontView REIT.
- There is no information yet as to whether FrontView has plans for the Giant Eagle location.
The Giant Eagle site in Northfield Center Township has sold for $10.7 million, according to property records.
The sale took place July 6 between Sacco of Macedonia and buyer FVR Ohio LLC, which is owned by FrontView REIT, a real estate investment trust.
The store’s site, which is located at 290 E. Aurora Road, covers about 8.75 acres, property records show.
No information was immediately available about FrontView’s plans for the Giant Eagle location.
FrontView could not be reached for comment.
This property sale comes after Kroger announced it will purchase Giant Eagle in a $1.65 billion deal July 1.
No immediate store closures are expected for the area’s Giant Eagle stores, according to Carl Green, president of the United Food and Commercial Workers Local 880.