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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