Posted Jul 14, 2014, 8:42 PM
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Meh
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Join Date: Jul 2001
Location: Austin,TX<-->Dripping Springs,TX<-->Birmingham, AL<-->Warm Springs,GA
Posts: 57,205
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http://www.bizjournals.com/austin/bl....html?page=all
Quote:
Jul 11, 2014, 2:28pm CDT
Whole Foods expansion plans bring curious issues into play
Jan Buchholz
Staff Writer-
Austin Business Journal
The expansion plans for Whole Foods Market Inc. (Nasdaq: WFM) in downtown Austin sparks some interesting questions about the company’s real estate strategy and what companies benefited — or not — as a result.
The Austin American-Statesman reported that the natural foods grocer purchased 524 Lamar Blvd, a retail property across the street from Whole Foods’ flagship store and corporate headquarters. Evidently, the company will operate the retail center with the existing tenants but has long-range plans for razing that property along with the adjacent 1009 W. Sixth St., which it purchased in October 2013.
The global company is growing rapidly and its current roster of 800 headquarters employees could grow to 2,000 in the foreseeable future. The headquarters at 550 Bowie St., which is integrated into the flagship store, is not large enough to handle that growth.
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