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Supermarket chain Aldi buys Moreno Valley site for a headquarters
Supermarket chain Aldi buys Moreno Valley site for a headquarters

Supermarket chain Aldi, which plans to open 650 new stores in the U.S. in the next five years, has acquired a 55-acre site in Moreno Valley where it will build its Southern California regional headquarters. Aldi, which is based in Batavia, Ill., will construct an 850,000-square-foot distribution center east of the 215 Freeway at Redlands Boulevard that is intended to serve about 200 stores in the region, real estate brokerage the Klabin Co. said. The price of the land acquisition from Ridge Property Trust was not disclosed. The site has local government approvals for large-scale warehouse development, Klabin Co. President David Prior said. In December Aldi announced plans to open 650...

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