NEWS HOME

Everything in the store is for sale, including the fixtures!

Albertson’s closing

The Albertson’s store at the corner of Cedar Hills Bl. and Barnes Road will close for good on or before June 20, according to Manager Randy Vanderzanden. The business had a 20-year lease with the Peterkort Management Company, owners of the Peterkort Towne Square shopping center, and it expires on that date.

Peterkort Company President Lois Ditmars explained that, “Albertson's elected not to renew its lease and to close the store at Peterkort Towne Square effective the end of June 2015.” She continued, “The management of Peterkort Towne Square is in the process of seeking other potential tenants for the Albertson's space and expects that it will be able to secure another quality tenant.  We are not in a position to reveal any particular discussions for that space at this time, but we working to address that vacancy as soon as possible.”

Vanderzanden said that the cost to renew the lease was a significant increase over the previous rate. Earlier this year, the Albertson’s parent corporation bought out the Safeway chain. Safeway is already including some Albertson’s products in their stores. They will feature the Albertson’s recipe fried chicken, for example. The proximity of Safeway may have been a factor in the corporate decision not to renew.

Albertson’s employees will move to Safeway or to other area stores, Vanderzanden noted. “We are a union store, so we’ll find jobs for everyone that wants one,” he said.

Everything in the store will be sold off, including fixtures! Deep discounts, that will be progressively larger, will be offered on non-perishable items. Fresh groceries, bakery items, and dairy products will continue to be available until the closing date.

Previous article

NEWS HOME