Sprouts Farmers Market could open a third North Carolina store at Homestead Market in southern Durham next year.
The Phoenix-based market has signed a lease with Ram Realty for a 30,000-square-foot anchor retail space, The Triangle Business Journal reported, citing unnamed real-estate sources. Harris Teeter occupied the storefront on N.C. 54 until 2014.
The Durham store would be part of a planned 30-store expansion next year, bringing the number of Sprouts Farmers Market stores nationwide to nearly 300. The specialty retailer first opened in North Carolina in March at 9414 Falls of Neuse Road in north Raleigh. The company plans to open a second Fayetteville store in January.
Homestead Market was built in 1988 and renovated in 2014 before being sold to Florida-based Ram Realty Advisors in July for $17.1 million. The company’s leasing brochure indicates only an adjacent, 12,500 square foot retail space and an outparcel will be vacant after the Sprouts opens next year.
Other tenants in the 164,200-square-foot shopping center include Roses, Fitness World, Great Clips and State Farm.
Ram Realty’s Triangle properties also include the Elliott Square shopping center in Chapel Hill, which is under renovation; The Exchange on Erwin in Durham; and Holly Springs Crossing in Holly Springs.