A&P Completes $170 Million Sale/Leaseback Transaction.Business Editors MONTVALE, N.J.--(BUSINESS WIRE)--Feb. 27, 2004 The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE NYSE See: New York Stock Exchange :GAP) today announced the completion of a real estate sale/leaseback transaction with Cardinal Capital Partners, Inc. (Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. ). The transaction, executed at a cap rate of approximately 9%, will result in proceeds to A&P of approximately $170 million. Founded in 1859, A&P was one of the nation's first supermarket chains, and is today among North America's largest. The Company operates more than 645 stores in 10 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Ontario, Canada under the following trade names: A&P, Waldbaum's, The Food Emporium, A&P Super Foodmart, Super Fresh, Farmer Jack, Sav-A-Center, Dominion, The Barn Markets, Food Basics
Food Basics is a no-frills Canadian supermarket chain created by A&P Canada to compete with the successful No Frills warehouse style supermarket operated by Loblaw. and Ultra Food & Drug. |
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