CONCORD — Trade relations between the United States and Canada may be fraught, but a Canadian tycoon is showing an appetite for Bay Area real estate and has added an East Bay supermarket site to his holdings.

Canada-based Jim Pattison Developments U.S. Inc. has bought a Lucky supermarket site in Concord, paying $18.3 million for the property, according to documents filed on March 13 with the Contra Costa County Recorder’s Office.

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The East Bay deal marked the second time this year that the Pattison Developments group bought a supermarket site in the Bay Area.

In January 2025, the Pattison firm paid $24.3 million to buy a Lucky California supermarket site at 2027 Camden Avenue in southwest San Jose through an all-cash deal.

The recent East Bay deal involves a Lucky site at 5190 Clayton Road in Concord and was also an all-cash transaction, the county documents show.

The just-bought Lucky supermarket building totals 61,000 square feet, according to the LoopNet commercial property database site.

Founded in 2006, the Pattison Developments firm is a unit of Jim Pattison Group, an eponymous conglomerate that business entrepreneur Jim Pattison established in 1961. Pattison, a multi-billionaire, has been called the “Warren Buffett of Canada,” partly due to his company’s ownership of companies in a wide array of industries.

Save Mart Cos. owns multiple grocery store brands, including Lucky, Save Mart and FoodMaxx.

As major retailers such as Macy’s and Kohl’s continue to announce store closures, supermarkets and grocery stores that sell essential items appear to be in a relatively strong position, in the view of property experts such as David Taxin, partner with Meachan Oppenheimer, a commercial real estate firm.

The price that the Pattison-led group paid for the Lucky store in Concord was 11.6% higher than the $16.4 million estimated value of the property in January 2024, as calculated by the Contra Costa County Assessor’s Office.