Kroger store sells

Oh my goodness, they’re selling my store! Wait… no, not mine. Sorry.

Kroger sells Pasadena store
— reported by the Houston Business Journal

Kroger Co. has sold portfolio of nine Kroger-anchored shopping centers, including one in Pasadena, for $79.9 million.

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The Pasadena store is located at the 80,738-square-foot Kroger Junction shopping center at 2619 Red Bluff Road.

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Kroger had owned all of the shopping centers, which collectively total almost 810,000 square feet, for several years. As part of the agreement, Kroger has signed long-term, 15-year leases to continue its operations in each of the nine Kroger grocery stores.

The agreement also affords Kroger the right to add fuel stations to some of the properties.

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Author: Paloma Cruz

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