Greenbax Enterprises, the local parent of Piggly Wiggly Carolina Co. is seeking approval from shareholders to liquidate and dissolve the company and exit the wholesale and retail grocery business by year-end 2014. After 67 years, the company is reportedly trying to sell its wholesale business to New Hampshire-based C&S Wholesale Grocers Inc and sell its 19 remaining grocery stores to independent operators. Pigg sold 29 of its Lowcountry stores in 2012-2013 and most of its Charleston area locations to either Bi-Lo or Harris Teeter. Abigail Darlington of The Post and Courier has the story, the update and a little history on a local institution.
Charlotte-based Faison Enterprises doubled down on its prior $19.2M Ashley Landing purchase earlier this year, with now the purchase of the dark Piggly Wiggly at the triangle of Sam Rittenburg Boulevard, Old Towne Road and Sumar Streets. Faison bought the dark box and more importantly its underlying 2.5 acres as part of its re-development of the 330,000SF retail center now anchored by Big Lots, Burlington Coat Factory and a free-standing Publix grocery store which will be renovated, along with the larger center over the next year. A Starbucks and other tenants have already been announced. Abigail Darlington has the story for The Post and Courier.
For the second time this month, a large cold storage refrigerated warehouse user has been announced for the CHS region. This time, Agro Merchants Group announced it has leased the former Pigg distribution center in Summerville for importers and exporters of meat and other fresh foods. The 121,000 SF will be open for business in August after improvements of $8M. They are also hiring 55 to 70 new workers. This news is on the heels of Lineage Logistics announcing last week it will build a new cold storage warehouse in Palmetto Commerce Park. The Post and Courier’s John McDermott has the full story.
HT bought 7 Piggs locally, but the one at 1739 Maybank Hwy will be completely remodeled and reopen in late 2014, suggesting they have great hopes for this well located store. See the Post and Courier’s Abigail Darlington’s brief update.