"Trader Joe's has purchased a former drug store in Santa Monica, paving the way for a fourth location in the seaside city for the popular grocer. The retailer paid $22 million this month for a shuttered Rite-Aid at 1331 Wilshire Blvd., according to real estate data provider CoStar. The Monrovia-based grocery chain, known for its inventive original products and frozen meals,"
""We see ourselves as your neighborhood grocery store," the company said on its website, announcing its latest store openings. "Step inside and you'll find unconventional and interesting products in the Trader Joe's label like Mandarin Orange Chicken and Cold Brew Coffee Concentrate." There are more than 600 Trader Joe's nationwide and around 200 in California. Santa Monica locations include 2300 Wilshire Blvd., where Trader Joe's occupies 2,130-square feet on the ground floor of an apartment building, according to CoStar."
Trader Joe's paid $22 million for the shuttered Rite-Aid at 1331 Wilshire Blvd. in Santa Monica, creating a potential fourth Santa Monica location. The new site measures 17,800 square feet and includes 125 surface parking stalls, compared with the existing 2,130-square-foot store at 2300 Wilshire Blvd. The Monrovia-based chain has opened recent stores in Costa Mesa and La Verne as part of a national expansion. The company promotes itself as a neighborhood grocery and highlights label products like Mandarin Orange Chicken and Cold Brew Coffee Concentrate. There are more than 600 Trader Joe's nationwide, about 200 in California. Uncertainty remains about whether both Santa Monica locations will operate; company did not give an opening date.
Read at Los Angeles Times
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