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Business Observer Friday, Mar. 27, 2020 2 months ago

Publix, Aldi, win bids for shuttered grocer’s locations

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Lucky’s Market filed for bankruptcy in February.

Lucky’s Market,  a Colorado organic and natural foods grocery chain that filed for bankruptcy in February, has announced the winning bids for 23 of its closed stores and a distribution center, totaling $29 million.

Lucky’s, which blitzed Florida with more than a dozen stores starting in 2016 through an investment from grocery chain Kroger, listed about $600 million in liabilities on its Chapter 11 bankruptcy filing.

The auction results, subject to a final sale hearing scheduled March 30 with the U.S. Bankruptcy Court for the District of Delaware, include seven Lucky’s locations on the west coast of Florida. New owners of Lucky’s leases, according to the bankruptcy filing and the Jacksonville Daily Record, sister paper of the Business Observer, include:

•  Publix: Won five leased stores in Florida, including Naples, Neptune Beach, Clermont, the Orlando area and Ormond Beach, for $11.5 million;

• Aldi: Picked up six stores, in Coral Springs, Sarasota, Vineland, Orlando, Oakland Park (Fort Lauderdale) and Venice, for $7.8 million. The Oakland Park store is an owned property;

• Southeastern Grocers, parent of Winn-Dixie, won bids for four leases, in Gainesville, Melbourne, Fort Myers and Lake Mary, for $2.4 million; and

• Hitchcock’s Market won a bid for a leased store in St. Petersburg for $275,000.

A leased location in Bonita Springs and an owned property in Panama City may be put up for sale in another auction, according to Supermarket News. The Lucky’s Distribution Center in Orlando, meanwhile, won a bid for the Orlando distribution center for $1 million.

 

 

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