June 10, 2010
Grocery Outlet plans East Bay expansion
By George Avalos, Contra Costa Times
Grocery Outlet is making good on expansion
plans. The discount realtor said Wednesday that it had agreed to leases
for new stores in Concord, Dublin, Gilroy and Watsonville, and it is
opening a store in Pinole. "We are in very high gear and
expansion mode," said Marc Drasin, vice president of real estate for
Grocery Outlet Inc. "We are signing a record number of leases and
opening a record number of stores." The retailer, like others, is
attempting to capitalize on the tough commercial real estate market, a
sector whose property values and rental rates have plunged during the
past few years. Complete article can be found at: http://www.insidebayarea.com/business/ci_15262208
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