Wegmans Confirms Plans to Build a Store in Wake Forest, North Carolina

Wake Forest, N.C., Oct 25, 2018Wegmans Food Markets, the family-owned company that earned the title of Americas Favorite Supermarket in a consumer study by Market Force Information earlier this year, has confirmed plans to build a store in Wake Forest, North Carolina. Located on the Route 98 bypass, just east of Capital Blvd., Wegmans has signed a purchase agreement and is jointly seeking municipal approvals to build an anchor store as part of a larger mixed-use development by Stiles.

“We look forward to the day when we can greet new customers and welcome back those who have shopped with us in other areas before, says Ralph Uttaro, Wegmans senior vice president of real estate. Were grateful for the opportunity to bring incredible customer service, restaurant-quality prepared foods, and consistent low prices to Wake Forest in the future.

Wegmans Wake Forest is expected to be up to 100,000 sq. ft. in size and similar in design to Wegmans other newest stores. A timeline for opening the store will not be announced until all necessary approvals are in place.

Wake Forest is approximately 11 miles northeast of the Raleigh site where Wegmans is scheduled to open its first store in North Carolina in 2019. Plans are also underway for one Wegmans location in Chapel Hill and two sites in Cary.



About Wegmans Food Markets, Inc.

Wegmans Food Markets, Inc. is a 98-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, recognized as an industry leader and innovator, celebrated its 100th anniversary in 2016. Wegmans has been named one of the 100 Best Companies to Work For by FORTUNE magazine for 21 consecutive years, ranking #2 in 2018.

About Stiles

Established in 1951, Stiles is a full-service real estate development firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. The company is responsible for more than 48 million square feet of office, residential, industrial, retail and mixed-use projects throughout the southeastern US. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, West Palm Beach, Naples/Fort Myers, and Orlando, Florida, as well as Charlotte, North Carolina. Since opening its Charlotte office in 2012, Stiles has rapidly become one of the Carolinas most active and trusted developers of retail, office and multifamily. The company has completed four grocery-anchored neighborhood shopping centers in Charlotte, a 186-unit luxury apartment community in Raleigh and a Pillar award-winning luxury residential tower in Nashville, TN. In addition, Stiles is currently underway with 300 West Summit, a 65,000-SF office building in Charlottes historic South End, Point Hope Commons at Cainhoy, a 90,000 SF grocery-anchored neighborhood shopping center in Charleston, SC , and Peabody Union, a mixed-use, luxury commercial and residential project in Nashville, TN. Learn more at www.stiles.com.



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