Asian market slated for shuttered Bensonhurst Waldbaums
After several failed transactions and a complicated bidding process following the Great Atlantic & Pacific Company’s (A&P) Chapter 11 Bankruptcy filing, Queens-based Asian market J-Mart Group Inc., was the winning bidder at the January 26 auction for Bensonhurst’s shuttered Waldbaums (8121 New Utrecht Avenue).
According to retail trend and grocery news site Coupons in the News, J-Mart outbid a previous company, Z&CCW, Inc, at the January 26 auction. While no updated amount has been released, legal documents reveal that as of January 12, when Z&CCW, Inc. was the highest bidder, the cash purchase price for the property was $10 million.
“We’re very pleased that the spot is no longer vacant and that it’s not a gap for something; it is a supermarket,” said spokesperson Travis Lamprecht on behalf of Councilmember Vincent Gentile, who had been advocating for a supermarket to replace Waldbaums.