Stop & Shop is looking to grab six Queens supermarkets off the clearance rack.
The company announced Monday it is acquiring local Pathmark and Waldbaum’s supermarkets from the struggling Great Atlantic and Pacific Tea Company (A&P), which filed for bankruptcy. In all, Stop & Shop is purchasing 25 Pathmark, Waldbaum’s and A&P locations in the tri-state area from the grocery giant for $146 million. The deal is subject to court approval, but is expected to be finalized before the end of this calendar year.
Stop & Shop currently has five locations in Queens, including on Myrtle Avenue in Glendale; on Union Turnpike on the Glendale/Forest Hills border; on Northern Boulevard in Little Neck; and on 48th Street in Long Island City.
The chain will more than double its presence in the “World’s Borough” with the addition of three Waldbaum’s stores on 26th Avenue in Bayside, Beach Channel Drive in Belle Harbor and Cross Bay Boulevard in Howard Beach, as well as three Pathmark locations on Farrington Street in Flushing, Atlantic Avenue in Ozone Park and Springfield Boulevard in Springfield Gardens.