Tucson Asian Market Trades for $22.2M

Maison Solutions Inc., a chain of traditional Asian and international food and merchandise retailers, acquired Lee Lee Oriental Supermarket, Inc. for $22.2 million. Lee Lee’s store at 1990 W. Orange Grove Road in Tucson is about 51,000 square feet. The retail center, Lee Lee Plaza, at Orange Grove and La Cholla also has a Vietnamese and BBQ restaurant.

Lee Lee, Arizona’s largest international supermarket, has been a fixture in Tucson for 30 years. It offers various groceries, live and fresh seafood, meat, and exotic produce worldwide.

The purchase for Maison was aimed at entering the Arizona market with an established base of stores before starting expansion.

“This transaction demonstrates our strategy of expanding by acquisition in geographic locations with large and growing Asian and ethnic populations,” said Maison’s John Xu. “Lee Lee International Supermarkets has an established brand presence in Arizona and is a perfect fit for Maison, giving us a base for further regional growth.”