CARR GOTTSTEIN SITES TO BE SOLD, LEASED BACK

ANCHORAGE, Alaska -- Carr Gottstein Foods here said it has signed letters of intent with an institutional equity investor and a pension fund regarding a sale/leaseback for most of the real estate owned by the company. Carr Gottstein would sell 12 retail centers and a distribution center to the institutional equity investor -- which the company declined to name -- and lease them back at a fixed rate

ANCHORAGE, Alaska -- Carr Gottstein Foods here said it has signed letters of intent with an institutional equity investor and a pension fund regarding a sale/leaseback for most of the real estate owned by the company. Carr Gottstein would sell 12 retail centers and a distribution center to the institutional equity investor -- which the company declined to name -- and lease them back at a fixed rate for 25 years, with several additional option periods.

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