Triangle Junction at 2201 Nostrand Ave (Google Maps, Getty)
Aldi has signed a lease to open a massive store in Flatbush.
The discount supermarket chain inked a lease for 20,110 square feet at 2201 Nostrand Avenue, at Triangle Junction. The store plans to open this fall.
The space was previously home to The Children’s Place and David’s Bridal.
Ripco Real Estate’s Esther Bukai represented Aldi in the transaction, while Peter Botsaris of Botsaris Morris Realty Group represented the landlord, Triangle Equities.
“Aldi is a perfect addition to the Flatbush neighborhood, providing quality grocery products to the area during a time when many are dining from home,” Bukai said in a statement.
The grocery store has been actively expanding. It currently has 2,000 locations across 37 states, but plans to reach 2,500 by 2022.
Grocery stores have fared well during the pandemic, which has forced many to eat more meals at home. A March 31 report by Datex Property Solutions found that supermarkets paid 97 percent of rent collections, a number that has remained relatively static throughout the last year.
