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Giant To Buy Genuardi's In Newtown

The Newtown location is one of 16 stores included in a $106 million transaction between Giant and Genuardi's.

 

Before long, will be Giant.

Giant, a supermarket chain headquartered in Carlisle, announced today it has entered into an agreement to purchase 16 Genuardi’s stores in the Greater Philadelphia region.

The Genuardi’s in the Village at Newtown Shopping Center is slated to be included in this $106 million transaction. Other stores include Genuardi’s in Langhorne, Jamison, Chalfont and West Chester.

Giant said it expects the deal to close within the first half of this year.

“Giant is always looking for convenient locations to better serve our customers,” said Giant President Rick Herring. “We are very excited to have the opportunity to expand our presence in greater Philadelphia and serve new customers. We look forward to providing customers with the quality, selection, and savings that they have come to expect from Giant.”

Rumors that the Genuardi’s in Newtown would be closing have been swirling for months. In November, Genuardi’s representatives told

Giant recently completed a renovation of its store in Middletown Township, located off the Newtown Bypass in the Summit Square Shopping Center. Giant already has several locations in Bucks County, including Yardley, New Hope, Levittown, Southampton and Morrisville.

The 16 stores that Giant is purchasing from Genuardi’s include:

  • 2395 York Rd, Jamison
  • 2890 S. Eagle Rd, Newtown
  • 168 N. Flowers Mill Rd, Langhorne
  • 4275 County Line Rd, Chalfont
  • 1375 Boot Rd, West Chester
  • 830 E. Baltimore Pike, East Marlborough
  • 550 E. Lancaster Ave, St. Davids
  • 950 Baltimore Pike, Springfield
  • 50 E. Wynnewood Rd, Wynnewood
  • 1844 Bethlehem Pike, Flourtown
  • 737 Huntingdon Pike, Huntingdon Valley
  • 1121 Bethlehem Pike, Spring House
  • 310 S. Henderson Rd, King of Prussia
  • 1925 Norristown Rd, Maple Glen
  • 2350 Susquehanna Rd, Roslyn
  • 467 Sumneytown Pike, North Wales
Hmmmm January 09, 2012 at 09:51 PM
Jeesh. Sounds like Whole Foods has successfully sold some brand marketing "kool-aid" here. The fact is that the Genaurdi's foot print wouldn't support either Wegman's or a Whole Foods. I expect the Genaurdi's to be shuttered to drive traffic to the new Giant in Langhorne.
Hmmmm January 09, 2012 at 09:52 PM
Tell 'em, Joey!
Steve January 10, 2012 at 05:26 PM
http://www.wholefoodsmarket.com/company/realestate.php Contact Ken Bleznak 610-747-0900 610.747.0900 kenb@areg.net with site information If you have a retail location you think would make a good site for Whole Foods Market, Inc., please review the following guidelines carefully for consideration: 200,000 people or more in a 20-minute drive time 25,000-50,000 Square Feet Large number of college-educated residents Abundant parking available for our exclusive use Stand alone preferred, would consider complementary Easy access from roadways, lighted intersection Excellent visibility, directly off of the street Must be located in a high traffic area (foot and/or vehicle) Please refer to our Master Broker List to find contact information. To submit a site for consideration, please send as much of the following information as possible: Photographs (or renderings if under development/construction) Site/Building plan Information about surrounding businesses Area demographics and/or neighborhood information
MR January 10, 2012 at 06:42 PM
Whole Foods doesn't need to sell anything to anyone in terms of brand marketing- the facts speak for themselves. Furthermore, have you ever been to the Whole Foods stores in Center City Philadelphia? Neither of them is larger than the Genuardi's site in Newtown. And perhaps it's not the best location, I cannot say for sure because I do not work in commercial real estate, but I know several people who do and I have every intention of contacting Whole Foods with the appropriate information. The point here is that Whole Foods is a better market- for the environment, the local economy, and your health! I have been lucky enough to live in cities that support Whole Foods for the past 15 years of my life and can speak from personal experience that no other market comes close to offering both the selection and quality of products. Additionally, why does McCraffrey get to monopolize the grocery stores in this area- isn't that a bit archaic?
James Mayer January 14, 2012 at 01:20 AM
Peapod by Giant - home delievery.

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