The $36 million deal is expected to close by the end of December, and stores will be converted to Mariano’s by the first quarter of 2014, according to a news release.
“This acquisition is transformational in terms of Mariano’s expansion plans in the Chicago metropolitan area, allowing us to open 11 additional stores in 2014 in prime locations with great market demographics,” said Robert Mariano, Roundy’s chairman, president and chief executive officer, in a news release. “These key locations will seamlessly integrate into and complement our existing base of 13 Mariano’s locations as well as our five additional 2014 Mariano’s locations now under construction.”
Acquired locations include:
Park Ridge: 1900 S. Cumberland Ave.
Western Springs: No. 14 Garden Market Street
Chicago: 3145 S. Ashland Ave.
Chicago: 2021 W. Chicago Ave.
Northfield: 1822 Willow Rd.
Westchester: 3020 S. Wolf Rd.
Buffalo Grove: 450 Half Day Rd.
Chicago: 5201 N. Sheridan Rd.
Gurnee: 6655 Grand Ave.
Aurora: 3025 E. New York St.
Shorewood: 950 Brook Forest Ave.
Safeway previously said it plans to close the remainder of its unsold Dominick’s stores by the end of 2014. So far plans have been announced for 15 of 72 of the company’s Chicago locations, including four sold to Jewel-Osco in October.