Franchising, retail, business
23/12/2015
A&P has asked the court overseeing its bankruptcy case for permission to reject 52 real estate leases including 36 for closed grocery stores it has been unable to sell.
If approved, the rejections would send the former A&P, Pathmark and Superfresh stores back to their landlords, who would be free to pursue new leases or uses for the spaces. Sources told SN Wednesday that the group of rejected stores includes a number of sites with lease terms set to expire soon, as well as other sites that may have above-market rents or suboptimal locations. They went unsold at auctions held earlier this year, and were most recently among a group of 55 stores marketed for sublease on behalf of A&P by A&G Realty Partners.
Fonte:http://supermarketnews.com/ap-bankruptcy-2015/ap-reject-36-store-leases