Stop and Shop: No plans to increase prices at 3 CT stores after landlord change
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An example of one of the 11 stand alone Stop & Shop supermarket locations, including three in Connecticut that were recently sold for $295 million.Contributed photo / JLL
A new landlord for 11 Stop & Shop locations in New England, including three in Connecticut, won’t result in any increase in prices, a company spokeswoman said Friday.
Maura O’Brien, a spokeswoman for the Massachusetts-based supermarket chain, said “Stop & Shop has no plans to increase prices on items as a result of this property management change.”
A suburban Chicago-based commercial real estate organization, Inland Real Estate Group of Companies, bought the properties for $295 million, according to an announcement made Thursday. Among the locations included in the purchase were Stop & Shop properties in Cromwell, Seymour and Willimantic.
By Natalie Missakian
Developer Carter Winstanley has spent the last 22 years working to build up a life science hub in New Haven. In the beginning, he set a modest benchmark for success.
“My original goal was to get 300 George St. leased,” Winstanley says, referencing his transformation of a vacant Southern New England Telephone company building into a high-tech home for Elm City biotechs.
Two decades later, 300 George is at capacity, and two subsequent Winstanley bioscience buildings 25 Science Park and 100 College St., home of Alexion Pharmaceuticals are also full.
This spring, he plans to kick off construction on a second, $100 million bioscience tower at 101 College St., set to open in 2023, and he is finalizing deals with major tenants.