GPS Retail Advisors Represents Natural Grocers in Phoenix Expansion Plans

Natural Grocers by Vitamin Cottage, a rapidly expanding retailer of
specialty, high-quality food and dietary supplements, signed a 27,827 SF lease at Scottsdale Towne
Square. The anchor space was formerly occupied by Smart and Final and is located at 13802 N.
Scottsdale Road in Scottsdale, Ariz.

nat grocery

Greg Saltz, President of GPS Retail Advisors, is the exclusive local tenant rep broker for Natural
Grocers and represented his client in the lease of the first store in Scottsdale. August 11 will be the
grand opening and Natural Grocers 100th store. As part of the grand opening, the first 100 customers
will receive a gift card up to $100. Saltz will exclusively represent Natural Grocer in the expansion
plans for additional sites in Phoenix and surrounding communities. Natural Grocers is on pace to open
18 new stores nationally this year with a projected 20% growth in 2016. Phoenix could see as many as
10 new stores in the next few years.

”The increasing consumer demand for healthy organic food will continue to drive the growth for Natural
Grocers,” said Greg Saltz of GPS Retail Advisors. “They are passionate about their business model
and are looking forward to providing Arizona consumers with a healthy and affordable option to shop
organic.” Saltz goes on to say, “The Phoenix market should be very excited about this tenant and what
it will bring to our retail landscape. We look forward to continued expansion in our market for years to
come.”

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