DUARTE – Ralphs Grocery Store to Close in July

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The Ralphs grocery store at 1193 Huntington Drive in Duarte is slated to close sometime in July 2015. The decision to close the store was a corporate decision by Ralph’s based on a variety of different business factors including that the Duarte store was consistently one of its lowest performing stores and that many who shop at this store do a portion of shopping elsewhere, making the current model in the City not sustainable.

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Ralphs has closed a number of locations in Southern California in the past few years, including San Dimas which was then leased to Smart & Final Extra and Arcadia which was leased to Savers. The Duarte location was reported to be in the bottom 50 of under-performing stores for years out of a 3600 store portfolio nationwide.

Ralphs was the grocery anchor within the Buena Vista Marketplace at the northwest corner of Huntington Drive and Buena vista. The shopping center is approximately 143,000 square feet. Additional tenants include Starbucks, The UPS Store, Wells Fargo, AT&T, Jamba Juice, Dollar Tree, Hertz, Subway, and Flame Broiler. The property was developed around 1990.

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 Buena Vista Marketplace is owned by the publicly traded REIT, Weingarten. Weingarten acquired the property in January 2001 as part of a portfolio sale that resolved a troubled situation with then owner Burnham Pacific. Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. The vast majority of their shopping centers are anchored by either a supermarket or a national value-oriented retailer. These anchors combined with convenient locations, attractive and well-maintained properties and a strong tenant mix help to ensure the long-term success of its merchants and the viability of its portfolio.