AG Seattle Plans Sale/Leaseback of Warehouse

SEATTLE - Associated Grocers here said Friday it plans to pursue a sale/leaseback of its 55-acre headquarters and distribution facility as part of its "go forward" strategy. The cooperative said it plans to pursue strategic options that could include developing a more efficient and cost-effective distribution center at a different location, though it will remain at the current site until then.

SEATTLE - Associated Grocers here said Friday it plans to pursue a sale/leaseback of its 55-acre headquarters and distribution facility as part of its "go forward" strategy. The cooperative said it plans to pursue strategic options that could include developing a more efficient and cost-effective distribution center at a different location, though it will remain at the current site until then. "AG's facility is located on a very valuable piece of property that has appreciated in value

Register to view the full article