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.

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