NEW JERSEY • PENNSYLVANIA • DELAWARE

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Case Studies

 

Giant Food Stores, Gilbertsville, PA

Development of New 90,000-Square-Foot Giant Food Store-Anchored Center

Situation:

Giant Food Stores was seeking a new store in Gilbertsville, PA — where no new developments had been approved in the past five years.

Execution:

Retail Sites identified a key 11-acre site that matched Giant’s retail strategy, obtained approvals including relocating an adjoining road and built a prototypical Giant grocery store with additional retail space. Financing was secured in the midst of the 2008-2010  credit freeze, and construction was completed in eight months.

Result:

The center opened in the midst of a recession, with 90 percent occupancy.