Lowes Foods Parent Acquiring BI-LO Stores in Greenville, Columbia and Charleston
Sep 01, 2020 12:44PM
By David Dykes
By David Dykes
Alex Lee, parent company of Lowes Foods, has signed an agreement to purchase the BI-LO store on Pelham Road in Greenville, choosing the location instead of opening a store as previously planned on former church property less than a half-mile away.
“Since we entered the Greenville market, we felt like the Pelham Road area would be a great place for a Lowes Foods,” said Tim Lowe, president of Lowes Foods. “We previously announced plans to develop a site at Pelham and Boiling Springs Road. When this store became available to us, we felt this would be the best way for us to open a store in this area.”
The site at Pelham and Boiling Springs will be actively marketed for sale, company officials said.
The officials also said that two BI-LO stores in the Charleston market and two in the Columbia market will undergo similar conversions to Lowes Foods in the coming months.
Alex Lee officials identified those locations as 120 Forum Drive in Columbia, 1419 Chapin Road in Chapin, 3125 Bees Ferry Road in Charleston, and 1000 Tanner Ford Blvd. in Hanahan.
The newly purchased stores will continue to operate as BI-LO until Lowes Foods completes the purchase this fall, the officials said.
They said Lowes Foods will do a complete conversion of the BI-LO stores by next summer.
The Lowes at 3619 Pelham Road in Greenville will put the store directly across the street from an Earth Fare store that plans to reopen Sept. 2.
In all, Alex Lee announced an agreement to purchase 20 BI-LO stores in South Carolina and Georgia from Southeastern Grocers, Inc.
“We are excited to add these new locations to our retail store portfolio,” said Brian George, Alex Lee's president and CEO. “We have an opportunity to accelerate our growth in these markets while continuing to provide shoppers with a unique grocery shopping experience in their local communities.”
The stores will remain open as BI-LO stores until the transaction is complete, which is expected to take place over a staggered period from September to November 2020, pending customary closing requirements, company officials said.
Alex Lee plans to operate 15 of the stores under the KJ’s Market IGA brand and five stores under the Lowes Foods brand.
Alex Lee said it expects to hire more than 2,000 employees to continue to serve the communities where the 20 stores are located. Prior to the completion of the transaction, Alex Lee said it plans to meet with current BI-LO employees in those stores to discuss employment opportunities.
Founded in 1931, Alex Lee is a family-owned and operated company that employs approximately 14,000 people.
It serves as the parent company of Merchants Distributors, which provides full-service, wholesale distribution to supermarkets; Souto Foods, a distributor of authentic Hispanic foods; Lowes Foods, which operates full-service grocery stores in North Carolina, South Carolina, and Virginia; and W. Lee Flowers, a wholesale distributor based in Scranton, South Carolina, which also owns and operates retail stores under the KJ’s Market and IGA brands.
Alex Lee is based in Hickory, North Carolina.
Founded in 1954, Lowes Foods employs nearly 9,000 people and operates 74 full-service supermarkets in the Carolinas.
Alex Lee acquisition of 20 stores from Southeastern Grocers
Locations to be converted to Lowes Foods
3619 Pelham Road, Greenville, South Carolina 29615
120 Forum Drive, Columbia, South Carolina 29229
1419 Chapin Road, Chapin, South Carolina 29036
3125 Bees Ferry Road, Charleston, South Carolina 29414
Hanahan Crossing Shopping Center
1000 Tanner Ford Boulevard, Hanahan, South Carolina 29410
Locations to be converted to KJ’s Market IGA
Lancer Square Shopping Center
1256 Highway 9 Bypass, West Lancaster, South Carolina 29720
Belleview Square Shopping Center
1401 East Main Street, Rock Hill, South Carolina 29730
110 South Highway 52, Suite B, Moncks Corner, South Carolina 29461
Lyman Corners Shopping Center
12189 Greenville Highway, Lyman, South Carolina 29365
1021 South Pendleton Street, Easley, South Carolina 29642
Northside Shopping Center
1048 York Street Northeast, Aiken, South Carolina 29801
Midland Valley Plaza Shopping Center
4435 Jefferson Davis Highway #11, Clearwater, South Carolina 29822
Lake Greenwood Shopping Center
3353 Highway 72 221 East, Greenwood, South Carolina 29649
3575 Maybank Highway, Unit L, Johns Island, South Carolina 29455
New Ellenton Village Shopping Center
603 Main Street North, New Ellenton, South Carolina 29809
501 South Pearl Street, Pageland, South Carolina 29728
55 Carolina Square, Edgefield, South Carolina 29824
Twin City Crossing Shopping Center
249 West Columbia Avenue, Batesburg, South Carolina 29006
3457 Peach Orchard Road, Augusta, Georgia 30906
Windsor Place Shopping Center
2512 Tobacco Road, Hephzibah, Georgia 30815