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Investors Acquire 17 Dark Albertsons Stores in Colorado

Hampton Retail Investors has acquired 17 dark Albertsons stores in Colorado from Albertsons LLC, and intends to renovate and lease the space to non-grocery users, Scott Robinson, managing partner of Hampton, told SN Wednesday.

September 20, 2007

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DENVER — Hampton Retail Investors here has acquired 17 dark Albertsons stores in Colorado from Albertsons LLC, and intends to renovate and lease the space to non-grocery users, Scott Robinson, managing partner of Hampton, told SN Wednesday. The stores were vacated by Albertsons last year after being acquired by the private equity consortium in the Albertsons buyout. They include 11 sites in the metro Denver area, three sites in Colorado Springs, and sites in Loveland, Greeley and Security, Colo. Robinson said the company was talking with a Hispanic-focused grocer for two or three sites but said the majority would likely be subdivided and made into spaces for dollar stores, office superstores and other uses. Hampton acquired the sites in partnership with Inland West Real Estate Partners, Chicago. The purchase price was not disclosed.

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