Combined Properties announced today it has signed a lease with ALDI at White Flint Plaza, marking the return of a grocery store to the North Bethesda shopping center. The grocery chain will open in a 21,628 square foot space, a portion of the footprint previously occupied by Shoppers Food Warehouse. The new North Bethesda location is part of ALDI’s recently announced plan to open 100 new stores across the United States in 2021.
“We are elated to announce the return of a respected grocer to White Flint Plaza,” says Jonathan Shartar, Senior Vice President at Combined Properties. “ALDI will be beneficial to the broader community, including the residents of the surrounding multifamily communities currently in development. A grocery store brings essential daily traffic that, in turn, benefits all merchants at the center.”
With the lease fully executed, ALDI plans to open in late 2021.
ALDI will be a walkable grocery store with organic and cost-conscious options for nearby residential communities, including the forthcoming Harwood Flats, Foulger Pratt’s 335-apartment community located at 5454 Nicholson Lane that recently broke ground right next door to White Flint Plaza.
White Flint Plaza, located in North Bethesda along Nicholson Lane near Route 355, is an 195,000 square foot shopping center in the Pike District. The Pike District represents North Bethesda’s emerging urban core, active with new development and soon to be a more bustling area with dynamic shopping, dining and living experiences alongside access to world-class entertainment, arts, culture and recreation in the heart of affluent Montgomery County, Maryland’s most populous county. Other merchants at White Flint Plaza include HomeGoods, PetSmart, Advance Auto, Title Boxing, Rodman’s Discount Gourmet and The UPS Store as well as restaurants Subway, Domino’s, Kuya Ja’s Lechon Belly, The Big Greek Café and Vie de France.
About Combined Properties
Combined Properties is a preeminent private real estate company specializing in retail, multifamily and mixed-use. The Company has a $2 billion portfolio of existing and under-construction assets, comprised of 40 properties in the Washington, DC and Southern California metropolitan areas totaling 6 million square feet, and an additional $1.25 billion in the development pipeline. Since its founding by Chairman Ronald S. Haft, Combined Properties has always strived to develop the true potential of a commercial property and passionately embraces developing real estate to meet the needs of a rapidly changing landscape by combining creativity, lifestyle, community, and technology. Combined applies its creative and entrepreneurial expertise in development, finance, leasing and asset management to create innovative retail, residential, hospitality, and mixed-use communities that instill pride and joy in the people that live, shop, and stay there. For more information on Combined Properties, visit www.combined.biz.