Et tu, Kroger? The nation’s largest grocer appears to be pushing into the backyard of Florida’s largest grocer.
Cincinnati-based Kroger (NYSE: KR) paid $15 million for the 74,000-square-foot shopping center at 5024 W. Atlantic Ave. in Delray Beach, according to property records. Kroger also paid $2 million for an outparcel that includes a bank branch.
Related: Publix now owns a third of its locations
The buyer is Topvalco, an entity that shares a Cincinnati address with Kroger. Topvalco’s president is Nick Hodge, Kroger’s director of corporate real estate.
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