See Ya

I have been having a photo-fight with Blogger for the last hour, so I'm going to skip the pictures and just tell you what you already know: the Albertson's era at Morrison Ranch is over. They had several - 8 or 10 - sign holders on the sidewalks on Saturday proclaiming "up to 95% discounts" and whether they cleared the inventory or not, by Sunday the parking lot was empty, with only a tiny white sign on the door stating "store is closed." My pictures show the empty lot and the understated sign, but you can see for yourself if you drive by. And that is that.

You will notice a red and black sign out front advertising the empty building; this was put up by Cerberus, the company that bought this part of the Albertson's stores. I will say again that neither Cerberus nor Albertson's is communicating directly with us (nor are they required to, since they continue to abide by the terms of the lease), but the scuttlebutt on the street is that they are actively shopping the building, which is just what we expected. We don't know who will make an offer, and I will pass it on when I know what the outcome will be, but I have to repeat that this center is NOT a distressed area, and it seems most likely that another grocer will buy the lease. It will most likely be closed for several months. The homes that are soon to be built at Lakeview Trails North make this location very desirable, especially for grocers, so we are optimistic about the future.

So, as they say, we move on.