Whole Foods Reports New Lease in Riverdale, MD
Posted May 4, 2011
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Whole Foods reported Wednesday that the company has signed a lease for a new store in Riverdale, Maryland, one of nine new leases the company has signed recently that average 32,200 square feet in size.
In addition to two international locations and the store in Riverdale, Whole Foods plans to open stores in Tampa, FL; Des Moines, IA; Chicago, IL; Wilmington, NC; southern NH; and Knoxville, TN in Fiscal Year 2012.
The Company expects to open six additional new stores, including two relocations, in the third quarter of 2011, adding to its current total of 304 stores totaling approximately 11.5 million square feet. The company opened 16 stores in 2010.
Whole Foods says its average pre-opening cost per store is $2.6 million, and its average development cost is $11.6 million.
Founded in 1980 in Austin, TX, Whole Foods Market is a natural and organic foods supermarket, and America's first national certified organic grocer. In fiscal year 2010, the Company had sales of approximately $9 billion.
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