<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Montvale, NJ</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By Eric Anderson<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">4.3.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>A&P has closed a $25.8 million sale/leaseback transaction involving four grocery store sites and a cumulative 120,335 square feet, according to a statement by HFF, which marketed the stores for the company.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">A private investor purchased the four properties located in northern New Jersey and the greater New York area, free and clear of existing debt. The investor immediately leased the properties back to an A&P entity. A&P continues to operate stores at each of the sites.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“The properties acquired in this portfolio are located in prime infill locations with compelling demographics and high average daily traffic counts,” said Cruz. “Additionally, each of the properties has long established market positions and are well known within the local submarkets.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://ap.apsupermarket.com/ " target="_new">A&P</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
