Schnuck Markets, Inc
Schnucks Buys Columbia Centre Market Place in Columbia, Illinois
COLUMBIA, Ill. – Leaders of St. Louis-based Schnuck Markets, Inc. today joined with Joseph (Joe) Koppeis to announce the Schnucks purchase of Columbia Centre Market Place, Inc. (1000 Columbia Center, 62236), a Koppeis family enterprise in Columbia, Ill. Over the next few days, the Schnucks human resources team will to speak to all 70 employees about employment opportunities with Schnucks.
Customers will be able to buy essential items from now through the close at noon, Sunday, Jan. 12. The store will reopen as a Schnucks store on Thursday, Jan. 16 at 9 a.m. following a brief ribbon-cutting ceremony.
Schnucks is buying the grocery store and attached Commerce bank space only. The sale does not include the land or other properties. Joe Koppeis, who built the approximately 47,000-square-foot facility (including the bank space) in 1989, says the decision to sell is in the best interest of his family and employees. “After 25 years of serving our community, it’s time to sell and give our employees career growth opportunities with a company like Schnucks. My wife and I will turn our attentions to our other commercial real estate enterprises and we will remain landlords to the new Schnucks store,” he said.
Schnucks Chairman and CEO Scott Schnuck, says, “The Market Place, will be a great location for us in that we will be able to serve new customers and operate in close partnership with Schnucks Waterloo just under eight miles away. We respect the Koppeis family who, like Schnucks, are a family enterprise and share our sense of community.”
Schnuck added, “In this, our 75th Anniversary year, we are thankful to area customers whose support has enabled us to expand into new areas. Schnucks remains committed to introducing more customers to our distinctive combination of quality, value and service.” Schnuck says the transition will be as seamless as possible as both families will work together to minimize inconvenience. The Koppeis family will oversee an immediate sell down of discounted merchandise.
Founded in St. Louis in 1939, Schnuck Markets, Inc. is celebrating 75 years of serving customers in 2014. The family-owned company started with a small confectionery in north St. Louis and now operates 100 stores and 95 in-store pharmacies in Missouri, Illinois, Indiana, Wisconsin and Iowa. Follow Schnucks on Facebook at www.facebook.com/Schnucks.
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