Lidl buys Newport News property for $2 million
Lidl, a Germany-based discount grocer, has bought 5.64 acres of land in Newport News as a site for a store.
The commercial real estate company Cushman & Wakefield | Thalhimer said Lidl paid John R. Lawson II $2 million for the property at 11852 Jefferson Ave.
Lidl is preparing for its entry into the U.S. market. The company announced last year that it is establishing its U.S. headquarters in Arlington and a regional headquarters and distribution center in Spotsylvania County.
The company is investing $77 million in the Arlington headquarters, where it will create 500 jobs, and $125 million in Spotsylvania County, where it will employ 200 people.
One of the largest retailers in the world, Lidl operates nearly 10,000 stores in 26 European countries.
Dawn F. Griggs of Cushman & Wakefield | Thalhimer handled the sale negotiations.