German grocery giant Lidl, according to the Philadelphia Inquirer, has acquired space in Port Richmond for what could be the chain's first Philadelphia location.

The story says Lidl paid $2.88 million for two parcels that account for nearly four acres. It's part of the company's plan to own and operate 150 stores in the eastern US. The chain has already broken ground on a distribution center and headquarters in Virginia at the cost of $200 million and has searched out locations for four stores in the Richmond, VA area.