Sugar Grove, Ill., March 16, 2005 - Location Finders International Real Estate (LFI) is announcing its sale of a 2.1 acre parcel of land to Aldi for more than $1.27 million. The parcel of land is located at the northwest corner of Route 47 and Park Avenue in Sugar Grove.
Aldi is planning to build a 15,495 square foot retail building at the location as a welcomed addition of the grocer chain by the community and people of Sugar Grove.
About LFI
Founded in 1973 by Michael H. Rose as a full service real estate development company, located in Mokena, IL, LFI is a vertically integrated real estate company focused on the acquisition, development, and creation of innovative commercial real estate solutions for its real estate portfolio consisting of more than 100 properties across the U.S., with a concentration in the Chicagoland area, ranging from small to large size retail centers, medical office buildings, prime commercial buildings, single tenant retail with large national or regional tenants, to be developed properties, large manufactured home communities, industrial parks, and hotels, currently valued in excess of $500 million. For more information, visit the LFI Real Estate website www.lfirealestate.com/.
About Aldi Inc.
Aldi is the common brand of two German family-owned discount supermarket chains with over 10,000 stores in 20 countries and an estimated combined turnover of more than €50 billion. The chain was founded by brothers Karl and Theo Albrecht in 1946 when they took over their mother's store in Essen. The business was split into two separate groups in 1960, that later became Aldi Nord, headquartered in Essen, and Aldi Süd (known as simply Aldi outside of Germany), headquartered in Mülheim.
Both Aldi Nord (as Trader Joe's) and Aldi Süd (as Aldi) also operate in the United States with 1,600 stores between them as of 2017, and the U.S. is the only country to have both Aldi companies operating outside of Germany. In 2020, it was reported that Aldi Nord and Aldi Süd have been planning since 2018 to merge the two branches by 2022 in a bid to reduce redundancies and raise efficiency.
We believe it’s our responsibility to act with integrity and are dedicated to reducing our environmental impact. We have taken numerous steps to reduce, reuse and recycle waste, increase energy efficiency, decrease our carbon footprint and improve our green standards across all of our stores and operations.
At ALDI, our small differences are making an impact - in store, in our shoppers’ wallets and on our environment.
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