Fareway Stores Inc. has agreed to purchase two Brothers Market locations in Iowa at 1022 Skyler St. in Denver and 930 Commercial St. in Lisbon.
The transaction is expected to close in March. Both locations will close for several months as Fareway completes renovations.
After completion, Ace Hardware will continue to operate as a tenant inside the Denver location, and Cabin Coffee will remain a tenant at the Lisbon location. Fareway has been in contact with employees at both locations to discuss employment opportunities both during the transition and after reopening.
“As Fareway grows, we are committed to serving vibrant communities of varying sizes,” said Fareway CEO Reynolds Cramer. “We want to thank the DeVries family and city leaders in both communities for having confidence in Fareway to be their local grocery store.”
Jay DeVries, co-owner of Brothers Market, shared, “For over a decade, Brothers Market has been proud to serve the communities of Denver and Lisbon, Iowa. Our family-owned business would like to thank our customers and the community for their support through the years, and we know they are in good hands for many more as we pass the baton to Fareway Meat and Grocery.”
[RELATED: Fareway Stores’ Headquarters Moves To Johnston, IA]
City leaders in Denver also shared positive thoughts.
“Fareway joining our community shows they believe in the direction we’re headed,” said Denver City Administrator Larry Farley. “We’re extremely pleased this sale has benefitted all parties, most importantly our area residents.”
Lisbon City Administrator Brandon Siggins agreed. “I would like to thank Brothers Market and the DeVries family for being a part of our community for over a decade. Over the past couple of months, there has been a lot of time and energy by all parties put into this and to see Fareway in Lisbon become a reality, it is really exciting for our community and its residents. This will not only benefit our community but surrounding communities by attracting visitors to shop here in Lisbon.”
Add Comment