Lucky’s Market announced the winning bids for 23 of its closed stores and a distribution center totaling $29 million.
The Colorado-based organic and natural foods stores grocery chain is reorganizing under Chapter 11 bankruptcy laws.
The results of the auction are subject to a final sale hearing scheduled March 30 with the U.S. Bankruptcy Court for the District of Delaware.
Publix Super Markets Inc. will pay $11.5 million for five Florida leased stores in Neptune Beach, Naples, Clermont, Orlando and Ormond Beach.
Lucky’s operated two stores in Northeast Florida, in Neptune Beach and Oakleaf. Lucky's did not announce a bid March 27 for the Oakleaf store at 8380 Merchants Way.
Aldi Inc. will pay $7.8 million for a company-owned market in Oakland Park and five leased stores in Coral Springs, Sarasota, Vineland, Orlando and Venice.
Jacksonville-based Southeastern Grocers LLC will pay $2.4 million for four leased stores in Gainesville, Melbourne, Fort Myers and Lake Mary.
An additional leased store in Bonita Springs and owned property in Panama City potentially will be subject to a subsequent auction.
Seabra’s Market will pay $1.25 million for the leased store in Hunter’s Creek.
Dollar General Corp. will buy the Orlando distribution center for $1 million.
Outside of Florida, LM Acquisition Co LLC, led by Lucky’s Market founder Bo Sharon, will pay $1.16 million for two ongoing leased stores in North Boulder and Fort Collins, Colorado.
Dave’s Market will pay $1.72 million for two ongoing leased stores in Cleveland and Columbus, Ohio.
Schnuck Markets Inc. will buy the ongoing leased store in Columbia, Missouri, for $860,000.
Oryana Food Cooperative Inc. was the winning bidder for an ongoing leased store in Traverse City, Michigan, for $860,000.
Six stores will continue to operate as a going concern and employment offers will be made to their 500 employees in North Boulder and Fort Collins, Colorado; Cleveland and Columbus, Ohio; Traverse City, Michigan; and Columbia, Missouri.
PJ Solomon is acting as Lucky’s investment banker; Polsinelli is serving as the legal counsel and Alvarez & Marsal is the company's restructuring adviser.