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RD Management Welcomes Aldi to Academy Plaza in Huntsville, Alabama

06/28/2018

The renowned discount supermarket chain will occupy 21,600 square feet of the center

NEW YORK—June 28, 2018—RD Management LLC, one of the nation’s largest privately held real-estate development and management organizations, announced today a lease agreement with Aldi at its Academy Plaza in Huntsville, Alabama. Aldi will occupy 21,600 square feet of the 102,962-square-foot shopping center and is expected to open in mid-November of this year.

Aldi, one of the fastest-growing retailers in the United States, offers reasonable prices and discounts on premium food and household products. The Aldi shopping experience is unique as customers can find special items that change from week to week, while also picking up their fresh produce, meat, and dairy staples. Over the past decade, Aldi has almost doubled in size with nearly 2,000 total stores in the U.S. and is planning to reach 2,500 by 2020. Aldi is proud to serve more than 45 million customers per month throughout the U.S.

“Bringing a well-known supermarket name to Academy Plaza will add a level of convenience for shoppers in the Huntsville community needing a new grocery option,” said Richard Birdoff, principal and president of RD Management. “Discount retail is what’s thriving in the industry right now, and Aldi is the perfect example of how fresh grocery and affordability can come together to appeal to customers. We look forward to the store’s opening and announcing a third and final business to complete our dynamic retail lineup at the shopping center.”

Academy Plaza is located at the intersection of 2900 South Memorial Parkway Southwest and Drake Avenue Southwest in Madison County. Situated across from Parkway Place Mall in a busy retail corridor, Academy Plaza is surrounded by popular big-box retailers such as Dillard's, Belk, Men's Wearhouse, American Eagle Outfitters, Chico's, Lane Bryant, and Charlotte Russe. Academy Plaza is seen by an average of 93,000 cars per day and has ample parking for guests. Aldi will join anchor tenant Academy Sports + Outdoors at the shopping center.

The company has more than 150 properties in its national portfolio. The remaining 18,320-square-foot space at Academy Plaza is divisible and those interested can contact Bradley Schwartz at (212) 265-6600 x298 or bschwartz@rdmanagement.com.

About RD Management 

Consistently ranked among the nation’s largest, privately held real-estate development and management organizations, RD Management owns and operates a portfolio of 150+ assets throughout the United States and Puerto Rico, with properties spanning the mixed-use, retail, office, residential, hospitality, self-storage, senior/student housing, industrial, and government sectors. RD Management specializes in development, redevelopment, and acquisitions in key markets and maintains in-house expertise in leasing, property management, construction, accounting and finance, legal, and information technology services. With more than 40 years of experience, RD Management has a proven track record of enhancing the value of its properties through hands-on management, renovation, and expansion. For more information visit www.rdmanagement.com.

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