Sale of subletted stores could raise $28M for A&P

A&P has asked the court overseeing its Chapter 11 bankruptcy case to approve sales of 10 subletted leases that would raise nearly $28 million for its estate.

The so-called “sandwich leases” cover former A&P store spaces since rented to other users.

TJX Companies, operator of the Marshall’s and TJ Maxx stores, was named high bidder for two properties, including a site in Norwalk, Conn., operating as a TJ Maxx store receiving a bid of $17.525 million. TJX also ma

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