MONTVALE, N.J. — A&P has raised $25.8 million through a sale/leaseback of four of its stores, according to real estate services firm HFF, which marketed the stores for the retailer.
The stores were sold to an unnamed private investor and subsequently leased back to an A&P affiliate, HFF said. The properties — Pathmark stores in Clifton, N.J., and in the Inwood section of Manhattan; and A&P stores located in Clinton, N.J., and Briarcliff Manor, N.Y. — will continue to operate under their current banners, HFF said.
HFF said the sales were part of a nine-store portfolio it was marketing on behalf of A&P.
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