ICSC – A&P, the country’s first traditional supermarket chain, said this week that it would sell off or close its 296 remaining stores and dissolve the company in the months following its Chapter 11 bankruptcy filing late Sunday. That raises the inevitable questions of the fate of the retail real estate occupied by this Northeast […]
bankruptcy
A&P Sell-Offs & Shopping Behavior
Keith Loria / Commercial Property Executive – In a Chapter 11 bankruptcy filing, The Great Atlantic & Pacific Tea Co., Inc. (A&P) announced the disposition of 120 of its 296 stores with 25 underperforming stores listed to close immediately. “After careful consideration of all alternatives, we have concluded that a sale process implemented through Chapter 11 […]
