Sprouts Farmers Market, which has nearly 300 locations across the U.S., has signed a lease to open its first Louisiana store in the Rouzan mixed-use development in Baton Rouge.
SFM LCC, which has the same Phoenix address as Sprouts’ corporate headquarters, signed a 15-year lease with Village Center Partners on Jan. 3. The agreement, which also has three 5-year options to extend the lease, gives it right to be the exclusive grocery tenant in Rouzan. Amin Maredia, the chief executive officer of Sprouts, is listed as the chief executive officer of SFM.
The store will be part of a 4.4-acre tract that is still controlled by Rouzan's original developer, Tommy Spinosa.
Construction is scheduled to begin in late April-early May on the first retail tenant in the Rouzan development — a 30,000-square-foot locatio…
Charles Landry, a Baton Rouge attorney who is part of a group of investors who acquired much of Rouzan in January, said last month that construction of a 30,000-square-foot grocery store should begin in late April-early May. Landry would not disclose details about the identity of the store, citing confidentiality agreements.
It should take about eight to 10 months to build the store, which will have frontage close to Perkins Road.
Sprouts, which was founded in 2002 in Arizona, specializes in fresh produce, bulk coffee and spices, beer and wine, vitamins and natural meat. Since 2014, the chain has been expanding across the South and now has stores in Texas, Alabama, Florida, Georgia, Tennessee and North Carolina.