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iFresh, Inc. (“iFresh” or the “Company”), a leading Asian American grocery supermarket chain and online grocer in the east coast of U.S., announced it has established a partnership with HungryPanda, a global leading food delivery platform. The 2 parties entered into a service agreement on April 20, 2021, pursuant to which the partners have agreed to jointly launch an online
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.
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BOSTON, April 22, 2021 /PRNewswire/ JLL Capital Markets announced today that it has closed the $295 million sale of and arranged $157.95 million in acquisition financing for a portfolio of 11 single-tenant retail buildings net leased on a long-term basis to Stop & Shop in densely populated markets throughout Connecticut, Massachusetts and Rhode Island.
1 of 11 properties in a single-tenant retail portfolio in Connecticut, Massachusetts and Rhode Island
JLL marketed the portfolio on behalf of the seller, Winstanley Enterprises and Surrey Equities. The Inland Real Estate Group of Companies, Inc. acquired the assets. Additionally, working on behalf of the new owner, JLL secured two separate 10-year, fixed-rate loans with a life company and with a CMBS lender.