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Harris Teeter Gets a Buyout Offer

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NREI's sister publication, Supermarket News, reports that Cerberus Capital Management has made a bid for Harris Teeter. Cerberus recently acquired a number of brands from another major grocery store operators, Albertsons LLC.

Harris Teeter, headquartered in North Carolina, currently operates 211 stores. The company reported a same-store sales increase of 3.66 percent for the second quarter of 2013.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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