The Market Report

Original Grocery Tenant: Kings Food Markets Address: 64 Mountain Blvd, Warren, NJ Opened: unknown Closed:  January 2021 Later Tenants: vacant Photographed: June 2, 2023 Very quick return today to the former Kings in Warren, NJ, which I extensively covered a while back here . There's no visible change inside, but a new tenant has signed a lease for the space, and it's confirmed to be a grocery store , although it's not been announced yet just who that is. While I certainly don't have any inside information, I can offer a few observations and guesses. I couldn't photograph it, but I could see it: just inside the entrance is a table with blueprints on it. Sadly I couldn't read what was on them, but that to me makes it likely the new tenant will be an independent or small-chain supermarket, like a Green Way (which has taken over Kings stores in Ridgewood and Maplewood ) or some Key Food affiliate. Any larger operator -- like Trader Joe's or LIDL, for insta...

Kings Food Markets Opened:  ?? - January 2021 Previous Tenants:  unknown Location:  64 Mountain Blvd, Warren, NJ Photographed:  July 2020, January 2021, and July 2021 It's time for our history lesson here. In August of 2020, KB US Holdings, the parent company of Kings and Balducci's, declared bankruptcy. An investment firm from New York City submitted a bid, but ultimately lost to Malvern, PA-based ACME Markets which in October 2020 announced they would purchase 27 locations of the bankrupt chains for $96.4 million. This excluded six Kings and two Balducci's. This Warren location was one of the stores not purchased by ACME, likely because there's an ACME directly across the street . I visited the store about a month before Kings declared bankruptcy, in July of 2020, and then again on January 19, 2021. The store closed for good the following day, January 20, 2021. I returned to see the store post-closure in July of 2021, and those pictures are at the very end. But let...