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Whole Foods to open next year in former Albertson's in Colleyville

02/18/2013 8:48 PM

03/14/2013 3:47 PM

COLLEYVILLE -- Whole Foods Market will open its second Tarrant County store in Colleyville next year.

Centennial Real Estate Co. in Dallas said the 40,000-square-foot store will be located in a former Albertson's in the Village Park at Colleyville shopping center at Texas 26 and Glade Road. Albertson's closed there in 2007.

Mark Dixon, Whole Foods Southwest region president, called the Colleyville center "a desirable location and a perfect fit for Whole Foods Market. With our current store in Arlington and future location in Highland Village, our westward expansion gives more guests a convenient location for natural and organic culinary options."

Centennial, which acquired the shopping center from three separate owners over the past 18 months, said it plans to extensively renovate the building for the new Whole Foods and modernize other retail areas.

The store is expected to open in mid-2014.

"We will construct a prominent storefront and entrance for Whole Foods Market while upgrading the appearance of the entire shopping center," said Steven Levin, Centennial's CEO. "Our plans include unique architectural features that combine new modern design with a concept that is consistent with the culture and setting of Colleyville."

Westlake Ace Hardware, Goody Goody Liquor and Vineyard's Antique Mall are also located in the 190,664-square-foot shopping center.

Marty Wieder, Colleyville's economic development director, said the deal to bring Whole Foods to the affluent city has been in the works for about two years.

He called the deal a "game changer" for Colleyville and the shopping center, saying the store will attract shoppers from nearby cities and other quality tenants that want to be located near a Whole Foods store.

"It's a huge shot in the arm," Wieder said. "We're happy to make this happen. We view this as a phenomenal opportunity for the shopping center to be upgraded. It's tough to keep inline tenants when you don't have an anchor."

Whole Foods enters a competitive grocery market in Northeast Tarrant County.

Market Street is located just north on Texas 26, at Hall-Johnson Road, Tom Thumb has nearby locations and Central Market is located in Southlake.

Centennial acquired Village Park with partners Gideon Interests, Inc. and Atlantic Creek Real Estate Partners, Llc. ViewPoint Bank provided the debt for the transaction, Centennial said.

In its earnings report last week, Whole Foods said it recently signed 11 new leases. In addition to Colleyville, new stores are scheduled for Toronto, Canada; Berkeley and Los Angeles, Calif.; West Palm Beach, Fla.; Lafayette and New Orleans, Louisiana; Westford, Mass., St. Louis, Missouri; Cherry Hill, New Jersey, and Newport News, Virginia.

Sandra Baker, (817) 390-7727

Twitter: @SandraBakerFWST

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