The Philadelphia Business Journal reported last week that Acme signed a lease with the University of Pennsylvania for a 34,500 square foot store on Walnut Street in University City. However, Fresh Grocer currently operates a store there and doesn’t plan to leave, even though Penn notified them that their lease expired on March 31.
Penn’s claim that Fresh Grocer missed the deadline to renew its lease is disputed by Wakefern, the cooperative that Fresh Grocer is a member of. Attorneys are now heavily involved…