The U.S. Bankruptcy Court has approved separate agreements by Gelson’s Markets to acquire eight California stores being vacated by Haggen Inc. for $36 million; and by Smart & Final to buy 28 stores in the state for $56 million. The transactions involve 13 stores in San Diego County.
A Haggen Inc. statement said Encino-based Gelson’s has been cleared to buy three of the local Haggen stores, on El Camino Real in Carlsbad, Via De La Valle in Del Mar and Turquoise Street in La Jolla. Those will be the first San Diego County stores for Gelson’s, an upscale specialty grocer.
Commerce-based Smart & Final received the go-ahead to buy 10 local Haggen sites, which will add to the discount warehouse grocer’s 10 current stores in the region. The stores being acquired are on Carlsbad Village Drive in Carlsbad, East H Street in Chula Vista, B Avenue in Coronado, Camino Canada and Fletcher Parkway in El Cajon, Avocado Avenue in La Mesa, Magnolia Avenue in Santee, and San Diego stores on Tierrasanta Boulevard, Westview Parkway and West San Ysidro Boulevard.
The court as of Nov. 16 had not ruled on bids submitted for 12 other stores in San Diego County. Bidders in the running for those locations include Smart & Final, Carnival Supermarkets, Albertsons, RJS Investment Group, Good Food Holdings (parent of Bristol Farms) and Tawa Supermarket.