NEW YORK, December 16, 2020 – ShopOne Centers REIT Inc. (“ShopOne” or the “Company”), a leading owner, operator and manager of high-quality, grocery-anchored shopping centers, is pleased to announce that ALDI, one of America’s fastest growing grocers, has opened a 25,000 square foot location at Oak Park Commons in South Plainfield, New Jersey. The space was previously occupied by ACME.

ALDI’s new location is intended to provide customers with greater optionality and convenience, including curbside pickup, which will be available in February 2021. Highlights of the new store include: an expanded product offering, a spacious layout, a modern design, open ceilings, natural lighting and environmentally friendly building materials.

Bob Dake, ShopOne Chief Operating Officer, said, “ALDI has become one of the fastest growing grocers in the country because of the emphasis it places on customer service and satisfaction, which are also core values of ShopOne. We are really excited to welcome ALDI to Oak Park Commons and create an even more dynamic shopping experience for our customers.”

The ALDI location at Oak Park Commons is part of ALDI Inc.’s $1.6 billion remodel program launched in 2017 to provide customers with a modern and convenient shopping experience. The new design includes a renewed focus on fresh items, including more robust produce, dairy and bakery sections. ALDI serves more than 40 million customers each month at its more than 2,000 store nationwide.

Bob Grammer, Center Valley division vice president for ALDI, said, “One of the reasons Aldi is so successful is because we listen to our customers and have the ability to adapt. The South Plainfield community has remained loyal Aldi customers for 13 years, and we can’t wait to show them the same Aldi model they know and love, but with a new store and even more space for their favorite products.”

Oak Park Commons, which features three multi-tenant buildings and four single-tenant buildings, boasts a strong tenant mix of retailers including CVS, Advance Auto Parts, Goodyear Tire, Dollar Tree, McDonald’s and Wells Fargo Bank.

About ShopOne

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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Matthew Chudoba
ICR
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Matthew.Chudoba@icrinc.com