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Retail Landlords See Largely Pluses in the Kroger/Albertsons Merger

October 21, 2022

The proposed merger between supermarket chains Kroger and Albertsons has become the latest sign of a reshuffling in the ranks of anchor grocery tenants, creating a new reality for shopping center landlords.

Last week news emerged that the nation’s second largest grocery chain Kroger agreed to buy Albertsons in a deal valued at $24.6 billion. Together, Albertsons and Kroger currently operate a total of 4,996 stores under various brand names, 66 distribution centers, 52 manufacturing plants, 3,972 pharmacies and 2,015 fuel centers across 48 states and the District of Columbia. Kroger has 2,723 stores in 35 states under such brands as Ralphs, Fred Meyer, Smith’s and King Soopers. Albertsons has 2,273 in 34 states and the District of Columbia, including Safeway, Tom Thumb, Vons, Pavilion, Jewel-Osco and Acme.
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