Commercial Real Estate Development 
Early Geifman Food Stores History
The Geifman family’s present business, First Equity Development, vaguely resembles the Quad-City grocery store chain that carried their name for generations.
The Bettendorf-based company still owns and manages most of the properties that once were Geifman Food Stores and many still house grocery stores. But today the tenants are Hy-Vee Food Stores as well as other retail and commercial tenants.
Today, the company is run by father and son, Richard and Steve Geifman, who are the third and fourth generation, respectively. Involved from a distance are Richard’s sons, David and Jeff, who have their own careers in real estate and finance.
Their company is in a growth mode with strip centers scattered across the Quad-Cities and a move into third-party property management. In recent years, First Equity took over property management of Northwest Bank’s office towers in Davenport and Bettendorf. In all, First Equity owns and/or manages 2 million square feet of commercial space.
Below are some photo's, articles and other memorabilia from the Geifman Food Store archives.
(Below article circa 1965)
Story about Geifman Store on 18th Avenue, Rock Island, circa 1955.
Reopening of the Rock Island store in the 1980's after a fire. A Hy-Vee store is currently at this location.
Picture of Geifman's Store in Kings Plaza, Moline
Inside of the Geifman store on Locust Street. Circa 1940's
Paul Norton, a Quad Cities artist, created a number of renderings of what was the Geifman's store in East Moline. (Currently Ridgewood Shopping Center)
Newspaper advertisement for a Geifman's store in Peoria, Illinois (Circa 1966)
