Washington, DC (January 23, 2018) Combined Properties, Incorporated is pleased to announce that ALDI has signed a lease for a 20,000 square foot grocery store, at South Alex^®, a new mixed-use development located in Alexandria, Virginia. 

South Alex is a transit-oriented development that will feature 400 Class-A apartment units, nearly 23,000 square feet of small shop retail, and anchored by the 20,000 square foot ALDI.  The project is prominently located at the crossroads of N. Kings Highway and Route 1, providing great visibility and easy access to major highways.

“With ALDI anchoring this exciting mixed-use development, South Alex is destined to be a premier property in the market” said Ronald S. Haft, Chairman of Combined Properties, “Residents will have ready access to a grocer that is noted for offering value, convenience, quality and selection.”

“I am very pleased that Combined Properties has this lease agreement with ALDI for a store at South Alex.”, said Supervisor Jeff McKay, who serves on the Fairfax County Board of Supervisors representing the Lee District.  “Combined Properties has a first-rate project that will become a hub for our community.  We congratulate Combined Properties and ALDI, and look forward to having this new commercial center along the Route One Corridor.”

The grocery store component was one of the critical elements to move the South Alex project forward. Combined Properties is working diligently with county municipal leaders to finalize the necessary approvals and permits for the project.  Combined Properties is now securing financing and expects to begin construction on the project in late-summer 2018.

“We are thrilled to be expanding our footprint in Northern Virginia with the addition of a new Alexandria store,” said Jeff Baehr, Frederick division vice president for ALDI. “ALDI has pioneered a grocery model built around value, convenience, quality and selection and now ALDI is one of America’s favorite and fastest growing retailers. By offering quality exclusive brand products at affordable prices, ALDI is the answer to customers’ needs. Whether shoppers are looking for USDA Choice meats, organic fruits and vegetables or gluten-free options, we have them covered with an unmatched combination of great-quality products and everyday low prices.”

The team of Ryan Wilner and Bob Morris of KLNB represented the tenant in the transaction.  Numa Jerome, Sr. Vice President – East Coast Leasing for Combined Properties, represented the landlord.

The Developer

Combined Properties, Incorporated has a $1 billion portfolio comprised of 39 retail and mixed-use properties totaling 4.8 million square feet and a $1.4 billion development pipeline in the Washington DC and Southern California metropolitan areas.  Since its founding by Chairman Ronald S. Haft, Combined Properties has always looked for the true potential of a commercial property.   The Company strives to apply its expertise in development, finance, leasing and asset management to shape projects into innovative retail and residential environments that instill pride in the people that live and shop there.

About ALDI Inc.

A leader in the grocery retailing industry since 1976, ALDI operates more than 1,700 U.S. stores in 35 states. More than 40 million customers each month benefit from the ALDI simple and streamlined approach to retailing. ALDI sells the most frequently purchased grocery and household items, primarily under its exclusive brands, which are designed to meet or exceed the national name brands on taste and quality. ALDI is so confident in the quality of its products, the company offers a Double Guarantee: If for any reason a customer is not 100 percent satisfied with any ALDI food product, ALDI will gladly replace the product and refund the purchase price. For the seventh year in a row, ALDI was recognized as a value leader among U.S. grocery stores by a Market Force Information® survey of U.S. consumers. For more information about ALDI, visit aldi.us.

Combined Properties Contact:   Linda Dreyer, Director of Marketing (202) 736-2813 / ldreyer@combined.biz

ALDI Contact:   Maggie Byrne, Weber Shandwick (312) 988-2062 / mbyrne@webershandwick.com