Its anchor tenant — Albertsons — will be closing the grocery store next month, according to a company spokesman.
It is one of four stores the company plans to shutter in the Southwest Division. The others are in Arizona and Nevada.
“Unfortunately, it’s just like any other business. We had to make the difficult decision looking at underperforming stores,” Arizona-based spokesman Paul Bancroft-Turner said Monday of the store at 13150 Central SE. “Unfortunately, we tried many, many things to make the store profitable, but unfortunately we weren’t able to.”
Four Hills Village recently lost another large tenant when Regal closed its 10-screen movie theater.
Bancroft-Turner said the Albertsons should close around mid-February. Efforts will be made to find new jobs within the company for the store’s 75-80 employees, he said.
“Obviously we can’t guarantee 100-percent (placement), but we are really hoping we are able to place all of them in a store that is close by,” he said.
Albertsons has 11 other locations in Albuquerque, he said, and they won’t be affected.
“We have no plans to close any additional stores,” he said.
The original chain was created 70 years ago, however Albertsons LLC was formed in 2006 following sale of the assets of Albertsons Inc. to three companies. Minnesota-based Supervalu bought most of the stores.
Albertsons LLC runs stores in New Mexico — including 11 in Albuquerque — in Northern California, Colorado, Utah, Nebraska, South Dakota, Arizona, Texas, Louisiana, Arkansas, Oklahoma and Florida.
In 2013, Albertsons LLC was able to bring all of the Albertsons stores back together again by purchasing the assets from Supervalu that they had acquired in 2006 from the former Albertsons Inc., bringing the company full-circle, the company said on its website.