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Aldi building center in Frederick

June 29, 2004

FREDERICK, Md. (AP) - Grocery discounter Aldi will build a regional headquarters and distribution center in Frederick, a business park developer says.

The 70-acre complex in the Riverside Corporate Park will serve Aldi stores in the Baltimore-Washington area and employ about 100 people, Riverside developer Tom Poss told The Frederick News-Post.

He estimated construction costs at $40 million to $50 million, generating about $800,000 annually in city property taxes, the News-Post reported Sunday.

Aldi, based in Germany, also owns specialty grocer Trader Joe's.

It opened its first U.S. store in Iowa in 1976 and reports annual sales of $4.8 billion in North America.

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