ShopOne Adds Lidl to its Portfolio with Grocer’s Opening at Hubbards Commons
New York (Business Wire) - ShopOne Centers REIT Inc. (“ShopOne” or the “Company”), a leading owner, operator, and manager of high-quality grocery-anchored shopping centers, today announced that it has added Lidl to its portfolio with the international grocer’s Grand Opening at Hubbards Commons in West Babylon, New York. Lidl opened in a 36,000 square foot space previously occupied by Best Market on December 11, 2019.
“We are extremely pleased to add Lidl, one of the most recognizable grocery brands in the world, to our growing portfolio,” said Bob Dake, Executive Vice President of Leasing. “The transition from Best Market to Lidl is a significant investment in the West Babylon community, providing added value and an enhanced shopping experience. Lidl is a best in class grocer, and we look forward to expanding our relationship with them as they continue to grow their footprint in the United States.”
The Lidl location at Hubbards Commons will offer the highest quality fresh produce, meat, freshly baked goods, and a wide array of household products at the lowest possible prices. The grocery store chain has repeatedly won national and international recognition for its shopping experience, with Food & Wine Magazine ranking Lidl as one of the top-three best supermarkets in the U.S., citing its series of “light-filled, reasonably-organized stores” that make “shopping much more pleasant for anyone on any kind of budget.”
Hubbards Commons is a 65,970 square-foot shopping center located along Sunrise Highway, a major commercial thoroughfare connecting Long Island to New York City. The property is 98 percent leased and features a strong mix of category-leading brands including Lidl, Walgreens, Orangetheory Fitness, and Subway.
ShopOne Centers REIT is a leading owner, operator and manager of high-quality shopping centers. The Company’s retail centers are located in established trade areas and are supported by a diverse mix of non-discretionary, value-oriented and grocery retailers. ShopOne is committed to maximizing the value of its portfolio by capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing redevelopment opportunities. To learn more about ShopOne, please visit www.ShopOne.com.
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