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4/07/14
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ALDI, a national grocery chain, has acquired a 55-acre site in Moreno Valley, with plans to build an 850k sf SoCal regional headquarters. Batavia, IL-based ALDI recently announced plans to open 650 new stores nationwide over the next five years.
The site, located east of the 215 Fwy at Redlands Blvd, offers high visibility from the 60 Fwy. The new distribution center will service approximately 200 stores in the Southern California area. Currently, ALDI operates nearly 1300 stores in 32 states, primarily from Kansas to the East Coast.
David Prior, SIOR, Todd Taugner, SIOR, and Frank Schulz, SIOR, of The Klabin Company represented ALDI, in concert with Raymond Walker, SIOR, of Atlanta, GA, who provided consulting services for ALDI. Henry Steipel of Costa Mesa-based Garrett, DeFrenza & Steipel, LLP provided legal services on real estate matters to ALDI. Jeff Ruscigno of Lee & Associates represented Ridge Property Trust, the seller.
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