May 21, 2013
TOPIC:Food Lion Fair Lakes Closing
Anyone know who is the owner of this Fair Lake Shopping Mall. I gotta search this out but it would be valuable to know if there is a locally based REIT (Real Estate Investment Trust) or a REIT located elsewhere in USA who owns this one currently.
Yea, people who live nearby this shopping mall sooner or later will get tired of going to WalMart for all their grocery needs.
You can be sure that Trader Joe's will never open at Fair Lake, it's simply not a good fit to what I know about Trader Joe's.
But there may be other options that can compliment and compete as well with Wall Mar Grocery Store. Target does not have grocery, but has done well by opening near WalMart Stores all over the nation, with an effective competitive straegy in non-grocery stuff.
Here is a photo I just found of the Food Lion. Is this store now closed ?
Cafe Twin
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