Print
Real Estate - Commercial

Lidl Buys Eastwood Road Land For Planned Grocery Store

By Cece Nunn, posted Apr 18, 2016
For $2.75 million, discount grocery store chain Lidl has bought land in Wilmington where the company plans to build a 36,000-square-foot grocery store.

Arendelle Holdings LLC, managed by Jason Swain of Swain & Associates, on April 15 sold part of the property at 1451 Eastwood Road to Lidl US Operations LLC, according to a deed recorded in New Hanover County.

Arendelle had purchased the entire 8 acres at that address from Wetherill Family Land LLC on March 31 for nearly $2.9 million, a deed and New Hanover property tax records show.

Site plans under review by the city of Wilmington show the proposed Lidl grocery store on Eastwood, along with the rough outline of a future building on another part of the property.

"We acquired the property, sold a portion of it and have retained the remaining property," Swain said Monday in an email. "We do not yet have fully defined plans for our remaining property but are currently permitted to develop a two-story, 20,400-square-foot office/retail building on the site."

Efforts to obtain more information from Lidl representatives were not immediately successful Monday. Mike Prince, a local broker with Impact Properties, said he was involved in the Eastwood Road transaction on behalf of Lidl.

Founded in Germany with U.S. headquarters in Arlington, Virginia, Lidl (pronounced lee-dle) has thousands of stores in Europe. National news reports have for the past several months chronicled Lidl’s plans to expand into the United States grocery store market by 2018.

A Business Insider story in November said a Lidl store is “like a cross between Walmart and Trader Joe’s.”

Lidl, discount grocery chain Aldi, and Publix Super Markets have all shown interest in locating stores to the Wilmington area in years, and Wilmington's first Publix is under construction at 716 Bragg Drive off South College Road.

"I think the growing number of grocery stores in our market indicates that retailers have learned what we have all known for a long time - Wilmington has a bright future," Swain said in an email.  "As we continue to grow, there will be more need for goods and services in our community. Retailers are trying to best position themselves to be an integral part of that growth in the near and long term."

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Jordain 422430214

Why Messing Up is Essential for Business and How to Do it More

Jordan Cain - APPROVE
Mcwhorter 0005

The Coastal Corridor is Helping Wilmington Startups With Connected Devices for Life Sciences Industry

Heather McWhorter - UNCW Center for Innovation and Entrepreneurship
Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


With Coffee And Cocktails, Owners Mix It Up

Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season