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A&P Clears $25.8M in Sale-Leaseback

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.

Jon Springer, Executive Editor

April 3, 2013

1 Min Read
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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.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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