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August 28, 2012

Lunds/ Byerly's scouting state for new grocery locations

While Rochester has many grocery stores in the pipeline - Fareway, CostCo, People's Food Co-op and Hy-vee - there are a few chains, like Whole Foods, that local people seem to still want here.

Another grocery store chain that is often mentioned on local wish lists is Lunds/ Byerly's. It's a Minnesota company with 22 stores in the state, most in the Twin Cities area.

A recent posting on a national commercial real estate site could be good news for local fans of Lunds/Byerly's. The company is out and about shopping for new locations in Minnesota.

Lunds

In their own words, Lunds/Byerly's describes what they are doing:

"Growth opportunities are sought throughout the existing market during the coming 18 months."

Now that "existing market" phrase could mean they are just looking in the Twin Cities-Land area.

Back in 2008, Lunds/Byerly's went on a similar shopping spree and they obviously skipped over Rochester then.

Jennifer Kent of Lund Holdings told me this back then, “We do understand there is a lot of interest to for us to come down to the Rochester area, but we are not quite ready to move that far out … of the Twin Cities area."

Of course, things can change. Rochester is larger now and is pegged as a growing and vibrant community in constrast to many other Minnesota cities.

So who knows? Maybe they'll give the Med City a closer look this time around. I probably should give Jennifer another call to check in.

Here's the posting from the Dealmakers commercial real estate site:

Lund Food Holdings, Inc. trades as Byerly’s and Lunds at 22 locations throughout MN. Lunds prefers to occupy spaces of 40,000 sq.ft. and Byerly’s prefers to occupy spaces of 60,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas.  Typical leases run 20 years with options.

Comments

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Oh I hope they come to Rochester - I love Lund's/Byerly's!

Jeff,

did you get my e-mail regarding Cost Plus World Market re-opening their former Minneapolis locations?

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