Cherry Creek Shopping Center terminates Safeway lease – Colorado News

Cherry Creek Shopping Center terminates Safeway lease – Colorado News

The Safeway store that has been part of the Cherry Creek neighborhood for 51 years will be no more come the first week of 2018. 

“Long-standing contractual obligations” are to blame for the impending closure of the grocer at 3110 E. First Ave., Nick LeMasters, general manager of the Cherry Creek Shopping Center, said in a news release. The store’s lease originally expired in December 2015, according to LeMasters. It must be out of the space by Jan. 4. 

“Safeway has been an excellent tenant and a valued part of the community,” LeMasters said. “We appreciate that some people may feel inconvenienced by its closing, though the area has many other options including six grocery stores less than a mile and a half from this location.”

Neither Safeway officials nor representatives for Taubman Centers, which owns and manages the Cherry Creek Shopping Center, would elaborate on why the move was made. The Safeway building is at the northeast corner of the larger Cherry Creek center.

“This move underscores the changes happening in the retail sector and the Cherry Creek shopping district, as well as our commitment to Cherry Creek Shopping Center’s continued success as the region’s premier shopping destination,” LeMasters said.

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