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A&G Real Estate Ptrs. sells 10 Earth Fare grocery store leases


MELVILLE, NY — A&G Real Estate Partners (A&G) has completed sales of 10 store leases and negotiated lease termination agreements on nine other locations from the bankrupt Earth Fare natural and organic specialty grocery chain. All told, the court-approved transactions contributed more than $6 million to the estate of Earth Fare, which filed for Chapter 11 bankruptcy reorganization on Feb. 4 in the US Bankruptcy Court in Wilmington, DE.With the final leasehold sale to winning bidders closing on April 10, A&G brokered the sale of leases for four Florida locations to Southeastern Grocers’ Winn-Dixie chain (Boynton Beach, Jacksonville, Lakewood Ranch and Viera); three locations (Athens, GA, Asheville, NC, and Roanoke, VA) to an investor group that includes one of Earth Fare’s founders and several of the chain’s former executives; two locations to Whole Foods Markets (South Asheville, NC, and Chattanooga, TN); and one to Aldi (Tallahassee, FL). The investor group also acquired Earth Fare’s trade name and other intellectual property. READ MORE

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