Fareway Stores, Inc. is expanding its footprint in Eastern Iowa.
The grocery store chain announced Tuesday that it intends to purchase two Brothers Markets, located at 930 Commercial St. in Lisbon and 1022 Skyler St. in Denver.
“As Fareway grows, we are committed to serving vibrant communities of varying sizes,” Fareway CEO Reynolds Cramer said, in a release. “We want to thank the DeVries family and city leaders in both communities for having confidence in Fareway to be their local grocery store.”
Co-owner of Brothers Market, Jay DeVries, thanked the Lisbon and Denver communities for their decade-plus support.
“We know they are in good hands for many more (years) as we pass the baton to Fareway Meat and Grocery,” he said.
Fareway said it plans to renovate both locations, temporarily closing the stores for several months. The Lisbon store, spanning 18,000 square feet and built in 2012, also houses Cabin Coffee. Meanwhile, the 15,000-square-foot Denver location, constructed in 2006, includes Ace Hardware and a US Cellular store. Both Cabin Coffee and Ace Hardware will maintain their tenancy, the release stated.
“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.” Lisbon city administrator Brandon Siggins said. “This will not only benefit our community but surrounding communities by attracting visitors to shop here in Lisbon.”
City leaders in Denver also expressed positive thoughts on the pending deal.
“Fareway joining our community shows they believe in the direction we’re headed,” Denver city administrator Larry Farley said. “We’re extremely pleased this sale has benefitted all parties, most importantly our area residents.”
Fareway expects to finalize the transaction by March 2025 and has been actively engaging with employees at both locations to discuss employment opportunities during the transition period and after the stores reopen, the release stated.
