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Amazon to Takeover Fairway in Paramus Location

Fairway

the staff of the Ridgewood blog

Paramus NJ, as the Ridgewood blog previously reported a court-supervised asset auction, Fairway Market awarded bids for two store leases in New Jersey to Amazon and six locations in New York City to ShopRite operator Village Super Market Inc. and Key Food Cooperative member Seven Seas Georgetowne LLC.

According to Super Market News ,Amazon is slated to acquire Fairway’s Paramus and Woodland Park, N.J., store leases for $1.5 million, Fairway announced late Wednesday. Meanwhile, Village Super Market will pay $76 million for four of Fairway’s Manhattan stores (Upper East Side, Upper West Side, Chelsea and Kips Bay, plus the parking lot of the Harlem store), its Pelham Manor store in New York’s Westchester County, and its production and distribution center in the Bronx. Seven Seas won Fairway’s Georgetown store in Brooklyn, N.Y., with a $5 million bid.

Amazon ended up with two of the four stores for which it made offers. Last week, the New York Post reported that Amazon bid for Fairway’s stores in the Red Hook area of Brooklyn; Pelham Manor, N.Y.; and Woodland Park and Paramus, N.J.

One thought on “Amazon to Takeover Fairway in Paramus Location

  1. Any news on what Amazon will use the store for? Whole Foods? 365 grocery? other?

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