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HFF closes $25.8M sale/leaseback deal involving 4 grocery store sites

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Florham Park-based HFF announced Tuesday it has closed a sale/leaseback transaction involving four free-standing grocery store sites totaling 120,335 square feet in greater New York and northern New Jersey.

According to an announcement, HFF marketed the properties as part of a nine-property portfolio owned by Montvale-based A&P and its affiliates. A private investor purchased the four properties for $25.8 million, and simultaneously leased the properties back to an A&P entity. A&P continues to operate grocery stores at each of the sites.

The New Jersey properties in the portfolio are 895 Paulison Ave. and 49 Old Highway 22, both in Clinton.

Write to the Editorial Department at editorial@njbiz.com

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