Skip to main content

Originally published July 11, 2012 at 2:58 PM | Page modified July 12, 2012 at 10:00 AM

  • Share:
  • Comments (6)
  • Print

Metropolitan Market buys Magnolia Thriftway

The deal comes shortly after a private-equity firm acquired a stake in the grocery chain.

Seattle Times business reporter

Most Popular Comments
Hide / Show comments
To be clear: the Lower Queen Anne Metropolitan is still going strong. It's the one at... MORE
"There aren’t many details available right now, but we will update as... MORE
Metropolitan Markets, especially at their Lower Queen Anne location---the Seattle... MORE


Less than a week after announcing that a private-equity firm has taken a stake in its company, local grocery chain Metropolitan Market said it plans to acquire Magnolia Thriftway.

Jim and Lynne Penhollow, who have owned the Thriftway at 3830 34th W. for decades, decided to sell as they prepare for retirement, according to a release from Metropolitan.

The deal is expected to close in September. Metropolitan plans to remodel the store next year, and will keep it open during that work. Financial terms were not disclosed on the acquisition or on last week's investment by West Coast-based Endeavour Capital.

The Magnolia location will bring the chain's store count back to six after its Queen Anne store closed on Tuesday. The Queen Anne property is being redeveloped.

Melissa Allison: 206-464-3312 or On Twitter @AllisonSeattle.

News where, when and how you want it

Email Icon

 Subscribe today!

Subscribe today!

99¢ for four weeks of unlimited digital access.



NDN Video