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A&P Gets Ready to Sell Some Non-Core Holdings

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The company has entered contracts for a combination of leasehold sales and sale-leaseback transactions, according to the Progressive Grocer. It expects that the sales will help it generate more than $130 million.

According to A&P President and CEO Sam Martin:

“This opportunity to unlock substantial real estate value from some of our owned and leased properties will provide additional liquidity as we continue to execute on our strategic initiatives and invest in our stores for growth,” said A&P president and CEO Sam Martin.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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