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.
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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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