Wednesday, September 12, 2007

H-E-B Buys Albertson's Out of Austin

There’s big news today in grocery-land. According to a brief Kate just wrote for the Austin Business Journal, H-E-B is acquiring five Albertson’s locations in the Austin area and converting three of them to H-E-B stores.

The three Albertson’s that will assume the Mark of the Butt are located at 12860 Research Blvd. in Austin, 701 Capital of Texas Hwy. in West Lake Hills (“Wesslayke!”) and 3750 Gattis School Rd. in Round Rock. H-E-B will sit on the other two former Albertson’s on Pleasant Valley and at the “Y” in Oak Hill as real estate investments – not to mention hedges against potential competition.

This effectively ends Albertson's tenure in the Austin market, a milestone I semi-predicted over two years ago. Still no word on what might happen to the shuttered Albertson’s at the corner of Research and Ohlen, though.

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