• Albertsons said this week that it has sold five distribution centers for $660 million, and has reached a deal with the new owners to lease them back.

The company has not identified the specific locations, but the deal is similar to a lease-back deal it did last year that raised close to $300 million.

Albertsons has been on a mission to reduce its debt, and selling off real estate obligations has been part of its strategy.


• Ahold Delhaize-owned Giant Food Stores said that it will open its first Giant Heirloom Market, in the Graduate Hospital neighborhood of Philadelphia, on January 25.

The company describes Heirloom as “a new store concept, format, and assortment specially curated for urban neighborhoods … The new store will blend modern innovation and community focus, while delivering the quality expected by Giant, to bring great food to its neighbors. The 9,500 square foot store in Graduate Hospital will offer an inspiring selection of high-quality, fresh, local, seasonal and flavor-focused foods, everyday essentials and organic private brand Nature’s Promise.”