Aldi acquires East Valley land as grocery chain grows across metro Phoenix

Discount grocery chain Aldi recently acquired land in Mesa where it plans to build another store in Phoenix’s East Valley.

The German grocer, whose U.S. headquarters is located in Illinois, opened its first store in Arizona in 2020 and now has more than a dozen with several more in the works.

In mid-December, Aldi acquired three acres on the southeast corner of Power and Elliot roads, right on the border of Mesa and Gilbert for $2.4 million, according to real estate database Vizzda LLC.

The land was sold by Scottsdale-based Avalon Development, the group developing Avalon Ranch, a 14-acre mixed-use develop on the site. According to documents filed with the city of Mesa, a more than 19,000-square-foot grocery store is slated to open at Avalon Ranch. Other tenants in the center would include EOS Fitness, McDonald’s, 7-Eleven, Taco Bell and Valvoline.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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