Food Lion to Come to Grocery Deprived Stretch

LISBON, MD-Food Lion has decided to open a new store at Lisbon Center, a 100,000-sf retail complex in a suburb outside Baltimore. MIE Properties, owner of the six-structure retail property, will build a 34,000-sf space to accommodate Food Lion, which will be the only full-service grocery store within a six-mile radius of the shopping center. Located on a parcel where I-70 and Rte. 94 meet, Lisbon Center is presently 90% occupied by a variety of tenants including Hair by Design, Just A Gym, McDonald’s, Sandy Spring National Bank and Urgent Health Care Center.

“When looking at future store locations, we consider the area’s current population, potential for future growth, degree to which area is currently served by supermarkets, the availability of land, accessibility by good roads and other infrastructure,” Food Lion spokesman Jeff Lowrance, says of the company’s decision to locate in the area. “Lisbon Center easily meets theses criteria.” Food Lion will lease the store from MIE, which plans to begin building the space this month. Financial terms of Food Lion’s agreement are not being publicized, but MIE’s Jerry Wit tells GlobeSt.com that space at Lisbon Center generally leases for $13 to $15 per sf.