Heritage Grocers Group, the parent company of Cardenas Markets and Tony’s Fresh Market, announced the appointment of Ted Frumkin to the position of Senior Vice President of Store Development.
In this position, Frumkin will report directly to Prabash Coswatte, Chief Administrative Officer for Heritage Grocers Group, overseeing the company’s strategic real estate development and growth initiatives.
“Ted is an exceptional real estate executive with extensive experience in new store development, project management, procurement, and financial analysis,” said Coswatte. “Ted will play a critical role in driving growth across all Heritage Grocers Group banners,” he added.
As president & CEO of TBF Strategic Realty Advisors, Frumkin has provided real estate guidance to Cardenas Markets since 2020.
Prior to joining Cardenas Markets, Frumkin most recently served as Group Vice President of Real Estate and Construction of North Carolina-based The Fresh Market. He also served as Chief Development Officer for Sprouts Farmers Markets and Vice President of Real Estate for Staples, Inc. Frumkin also held real estate leadership roles at Rubio’s Restaurants, Office Depot, Wal-Mart Stores, and Taco Bell.
Frumkin holds an M.B.A. with an emphasis in Finance from Florida International University and a Bachelor of Fine Arts degree from Texas Christian University.
Global investment firm Apollo created Heritage Grocers Group last year after acquiring Cardenas Markets in June 2022. It is a specialty, ethnic food retailer offering an extensive assortment of traditional and specialty grocery items to the communities it serves. Heritage Grocers Group is headquartered in Ontario, California, and currently operates in four states: California, Nevada, Arizona, and Illinois, with a total of 57 stores under the Cardenas Markets banner, 20 stores under the Tony’s Fresh Market banner, and seven stores under the Los Altos Ranch Market banner.