MONTVALE, N.J. – A&P here said Tuesday that it was under contract for the sale of its real estate interests “in a few non-core store locations.” The pending deals are a combination of leasehold sales and sale-leaseback transactions that are expected to generate proceeds for the company in excess of $130 million. A&P did not immediately identify the specific properties to be affected, or the buyers. "This opportunity to unlock substantial real estate value ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.