Real Estate Journal — Pennsylvania — July 12 - 25, 2019 — 11C


M id A tlantic

P ennsylvania

Multiple newly constructed and renovated sites opening SRD facilitates +29 Dollar General leases inMid Atlantic

ALA CYNWYD, PA — Soloff Realty & Development, Inc. (SRD) is the representative of Dollar General Corpora- tion in Eastern Pennsylva- nia, New Jersey, and Dela- ware. SRD facilitated the lease of more than 29 stores (seven in Pennsylvania and 20 in New Jersey and 2 in Delaware) over the last 12 months. SRD’s Richard Soloff represents Dollar General in Eastern Pennsyl- vania and Delaware; David Dunkelman represents them in New Jersey. Dollar General has been a client of SRD for more than a decade. The nationally recognized retailer is one of the most profitable retail chains in the nation, with more than 15,472 stores in 44 states (as of March 1, 2019) and plans to open 975 new stores in the U.S. this year alone. In 2018 the company re- ported its 29th straight year of same-store sales growth – despite minimal e-commerce. That’s a streak no other major U. S. Retailer can match: Evenmight Walmart endured nearly two years of compara- B

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Dollar General

ble-sales declines earlier this decade. By incorporating a success- ful prototype, no-frills model, and selling basic merchandise, DG keeps costs down for its customers looking for value and convenience. DG is noted for their efficient site selection & development process, which allows them to quickly select ideal locations that are closer to their customers’ homes in urban and rural areas, espe- cially where there are food deserts. Recently, through a partner- ship with state and local lead- ers, DG purchased a 148,000 s/f cold storage facility in Pottsville, PA which, at full

capacity, will bring more than 100 jobs to Schuylkill County. DG employs more than 6,500 individuals in Pennsylvania. The new cold storage facil- ity will support the new “DG Fresh” initiative in a line of Market stores which will include frozen foods, fresh produce & dairy products. In response to consumer de- mand, DG will remodel 1,000 older stores with queue lines to speed service and spruce up the health and beauty section. The chain has also released a shopping app called “DG Go!” which will enable customers to scan items and pay via phone to bypass traditional checkout service. 

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