Supervalu Inc. is selling and leasing back a handful of its distribution centers, and it intends to sell off its Shop 'N Save and Shop ‘N Save East retail operations.
Eden Prairie-based Supervalu (NYSE: SVU) announced Tuesday that it entered into an agreement to sell eight of its distribution centers, representing 5.8 million square feet, to an undisclosed buyer for $483 million. When the deal closes, Supervalu will enter into lease agreements for each facility for 20 years with renewal options.…
