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Grocery Chain Warehouse Property Sells for National Record Price of $278 Million

Albertsons Leases Back Buildings Following Portfolio Sale

Albertsons Cos., with headquarters in Boise, Idaho, is paying off debt using proceeds from sales of its stores and warehouses. (CoStar)
Albertsons Cos., with headquarters in Boise, Idaho, is paying off debt using proceeds from sales of its stores and warehouses. (CoStar)

Grocery giant Albertsons Cos. sold a Southern California distribution warehouse for a national record sale price as part of a larger sale of dozens of stores and six distribution centers that it's leasing back to pay down billions in debt over the past few months.

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