- Real Estate
- Food & Drink
May 24, 2018
Grocer Trader Joe’s is typically tight-lipped about expansion plans.
So it’s hard even for some of the nation’s largest retail players to predict how many stores the chain will open, when and where.
What is clear is that “they continue to be very productive where they are,” said David Zoba, board chairman for JLL, the nation’s largest third-party retail property manager. “They do sales per square foot that’s off the charts, but we don’t hear much about their actual plans to grow.”
The grocer likely has learned from other retailers that grew fast and regretted it, said Garrick Brown, vice president of retial intelligence for global brokerage firm Cushman & Wakefield.
“A lot of them are taking a slower approach, Trader Joe’s being one of them,” he said. “It’s the right thing to do.”
Trader Joe’s hasn’t seriously looked at Sioux Falls, but it’s not out of the question, according to a source familiar with the market and the chain.
“Ultimately, they will expand,” the source said. “If you really want them in the market, let them know how interested you are. They pay attention.”
The closest store to Sioux Falls is in Omaha.
Here’s what we know — and don’t know — about Trader Joe’s expansion plans.