The beginnings of Whole Foods can be traced back to what Jim Sud, executive vice president of growth and business development for the Austin, Texas-based grocery chain, calls “the worst real estate ever:” a three-story house in the middle of the block along a primarily residential street in Austin near the University of Texas.
Sud spoke with Herb Weitzman, executive chairman of Dallas-based Weitzman, a real estate brokerage firm, about Whole Foods’ history and growth that culminated with Seattle-based online retail behemoth Amazon buying the company for $13.7 billion in June 2017. Since the acquisition, Sud said Whole Foods, with the backing of Amazon, has picked up plans to build a robust development pipeline of bricks-and-mortar stores.
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