Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Safeway will be opening nine or 10 new stores in Colorado this year. The expansion comes at a time when it closing 14 stores–primarily in Texas and Illinois.

The closings are designed to allow it to reduce costs when competing against larger rivals Kroger Co. and Albertson’s.

While those two chains–Kroger owns King Soopers in Denver, the dominant grocery store chain here–are also its largest rivals in Colorado, retail experts say they’re not surprised Safeway wants to expand here.

Despite the sluggishness of the economy, grocery anchored properties are extremely sought after by investors in Colorado.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.