City Sells Former Albertson’s Building
The Albertson’s has been sold.
At their regular meeting on Tuesday, the Georgetown city council voted to accept a bid for $3.55 million from M.F. Trinity Management for the former Albertson’s grocery store building. The sale should be finalized in 60 days.
The 56,331 square-foot former Albertson’s building at 610 N. Austin Avenue is at the southeast corner of Williams Drive and Interstate 35. The City purchased the building in 2008 with the intention to use it for a public safety and municipal court facility. That plan changed in 2010 and the City then put the building up for sale in a public bid process.
M.F. Trinity Management has not yet announced the use for the property. More details are expected once the sale is finalized.