KROGER COMMENCES $7.6 MILLION EXPANSION

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SPEEDWAY, IND. — The Kroger Company will begin construction this month for a $7.6 million expansion to its existing Kroger grocery store located within the Speedway Super Center in Speedway. Kroger will acquire and demolish the three retail spaces to the left of its existing 59,515-square-foot center to make way for the expansion. The new grocery store will contain between 92,771 and 118,000 square feet upon completion. The new store will feature a broader food selection, as well as the addition of a drive-thru pharmacy. Kroger has also signed a new 20-year lease at the shopping center that will commence when the expanded grocery story opens in November. The property’s landlord, Centro Properties Group, was represented in-house by Bob Pionke in the lease negotiations.

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