October 27, 2017
It's been just over a year since Sprouts Farmers Market opened its first grocery store in Raleigh, North Carolina. However, the company is preparing to open its second grocery store; this time in the Triangle.
According to real estate sources, Sprouts has already signed a lease to occupy a 30,000-square foot space in South Durham - at the Homestead Market shopping center. This was the location where Harris Teeter could be found.
Ram Realty Advisors owns the shopping center and worked with leasing agent Megan Atkin to come up with the deal. Atkin wouldn't say who the grocer was coming to the area but did say a specialty company agreed to the leasing terms.
A spokeswoman for Sprouts did not confirm nor deny the possible Durham location but said they would announce something eventually. The spokeswoman said the company recently opened its first Fayetteville store.
Sprouts' Triangle store is a mixture of Harris Teeter, Trader Joe's and Whole Foods, but with discounts and designs of its own.
Built in 1988, Homestead Market underwent a $1.5 million renovation that included upgrades to its facade and roof. Ram Realty Advisors of Florida purchased the shopping center in early 2017. The company also owns Chapel Hill's Village Plaza, Holly Springs' Holly Springs Crossing and Durham's The Exchange on Erwin.
Homestead Market measures 164,200-square-foot and is currently 93 percent leased - the other tenants include Fitness World, Cartridge World, State Farm, Great Clips and Roses.