A&P Seeking 25 Additional Lease Rejections

WHITE PLAINS, N.Y. — A&P, which rejected 73 dark store leases upon its filing for Chapter 11 bankruptcy protection earlier this month, has asked the court here for permission to reject leases for another 25 properties — all former stores since subleased to other tenants.

WHITE PLAINS, N.Y. — A&P, [4] which rejected 73 dark store leases upon its filing for Chapter 11 bankruptcy protection earlier this month, has asked the court here for permission to reject leases for another 25 properties — all former stores since subleased to other tenants.

The retailer in court papers said income from tenants at those properties in most cases falls short of its rent obligations, and that rejecting the leases would save the company $8.6 million in 2011.

Most of the properties are former Farmer Jack stores in Michigan, with several since subleased to Spartan Stores [5]’ Family Fare supermarket chain.