![]() Grocery Outlet is taking over 1/3 of the former ShopRite building in Gibbstown. Keep scrolling and reading to learn more about Grocery Outlet! If you are interested in renting space in the Gibbstown Shopping Center, reach out to Equity Retail Brokers. A similar process as to what happened over in Glassboro for their former Kmart building. Indications are that as part of the effort to bring Grocery Outlet on board (and the two other large units once signed) that the front façade of the building is likely going to be stripped off and rebuilt to represent it as three distinct retail units. I have sent a few questions to the leasing firm (for the shopping center) and I likely won’t hear back from them for a bit, but I wanted to get this information online for folks, regarding Grocery Outlet. Well this is breaking news and I really just became aware of it a few hours ago. I know everybody wants to know what the timing is for Grocery Outlet’s opening in Gibbstown is, as well as what the other stores are planned for the two remaining larger units. Things are going so well they had to raise their financial guidance for year! The model appears to be working for them because recent reports state that same store sales increased 12.1% in the first quarter of 2023, driven by a 7.9% increase in transactions. They state they carry the same name brands you would find in traditional supermarkets but at heavily discounted prices… pennies on the dollar in many situations.Ī Grocery Outlet store is planned for Gibbstown NJ, taking 1/3 of the former ShopRite building. They describe themselves as the largest “opportunistic buyers” of grocery items in the country, as they travel the world looking for the most exciting deals. They recently opened a location in Delran NJ and have a few locations in Philadelphia. If you are unfamiliar with Grocery Outlet, they have over 400 locations in United States but are newer to our area. ![]() The new ShopRite Center Square location is due to open in about a week! (Note: also coming to the Gibbstown Center is Tacqueria El Compadre! I’ll have more on them soon!) ![]() The newly empty larger space is being split into 3 units (with Grocery Outlet on the end), and the leasing firm indicates another national tenant is in the process of completing their lease for one of the other 2 units. ![]() Grocery Outlet Bargain Market has signed-on to take over the end portion of the former ShopRite property in Gibbstown, NJ. ![]()
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