Real estate holdings sweeten Supervalu deal

01/10/2013 | Wall Street Journal, The

Cerberus Capital's $3.3 billion cash and debt deal to buy 877 Albertsons, Jewel-Osco, Acme and Shaw’s stores from Supervalu may already have paid for itself in property, industry experts say. About half the stores sit on property that's either owned by the company or subject to long-term ground leases, giving the real estate portfolio a value of between $3.3 billion and $4.4 billion.

View Full Article in:

Wall Street Journal, The

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Retail Merchandise Planner
Bon-Ton Stores
MILWAUKEE, Wisconsin
Director of Change Management
Belk
Charlotte, North Carolina
Vice President, Infrastructure and Operations
Neiman Marcus
Irving, Texas
VP Regional Manager/Regional Store Manager
Belk
Knoxville, Tennessee
Sales and Merchandising Manager
Staples
norwalk, Connecticut