Sherwood Park’s Nitza’s Pizza closes over nearly $200K rent arrears as Villas on the Green road fight drags on
Sherwood Park, Alberta, Jan 10, 2026, 18:19 (MST) Nitza’s Pizza has shut its Emerald Hills location in Sherwood Park after falling behind on nearly C$200,000 in rent, according to local reports. The Unit 150 spot at 300 Amberley Way was among several Edmonton-area outlets owned by Peter Giannakopoulos. Now, only the St. Albert and Leduc branches remain open, the report added. https://www.sherwoodparknews.com/news/local-news/nearly-200k-in-arrears-nitzas-pizza-shutters-emerald-hills-pizza-shop. Here’s why it matters now: arrears — those overdue lease payments — quickly turn into real problems for restaurants. When the gap widens, closures often follow, and the debt doesn’t just disappear. The shutdown coincides with a separate