ContractFirst Real Estate Investment Trust of New Jersey • December 24th, 2015 • Real estate investment trusts
HACKENSACK, NJ, December 24, 2015 – First Real Estate Investment Trust of New Jersey (“FREIT”) owns a 63,932 square foot store in Patchogue, New York that is leased to Pathmark, a subsidiary of the Great Atlantic & Pacific Tea Company (“A&P”), and operated as a Pathmark Super Store. FREIT was notified by A&P on December 23, 2015 that this lease will be rejected as of December 31, 2015 as a result of A&P’s filing for protection under Chapter 11 of the bankruptcy code.
