By Jano Tantongco
The U.S. Bankruptcy Court recently approved the lease sale agreement of the now-shuttered Dix Hills Pathmark to LG Other Associates LLC, the original landlord of the property for $400,000.
LG Other Associates will also pay $47,000 to return rent paid by Great Atlantic & Pacific Tea Co. in November, according to court documents dated Jan. 4.
A LG Other Associates spokeswoman said the company did not want to comment on the agreement.
The sale is a result of the A&P chapter 11 bankruptcy filing last year. Stop & Shop and a number of other buyers have picked up former Pathmark and Waldbaum’s properties across the New York metro region as part of ongoing bankruptcy proceedings.
Most recently, the owner of Southdown Marketplace has been in talks with the current lessee and the landlord of the former Waldbaum’s in Greenlawn to open up a new grocery there.