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Ahold Delhaize Banner Stop & Shop Sells 11 Stores in $295 Million Deal

Ahold Delhaize Banner Stop & Shop Sells 11 Stores in $295 Million Deal

QUINCY, MA - Ahold Delhaize has revealed a pivotal business move this week, divesting 11 of its Stop & Shop banner stores. The portfolio of stores located throughout Massachusetts, Rhode Island, and Connecticut was acquired by Illinois-based real estate investment firm The Inland Real Estate Group of Cos for a combined total of $295 million. With such a large divestment, it leaves us to wonder what the retailer has up its sleeve?

According to reporting from Boston Business Journal, Winstanley Enterprises and Surry Equities sold the single-tenant retail portfolio. In total, the 11 locations span 748,141 square feet. The sale was brokered by JLL Capital Markets, who arranged a $157.95 million loan.

Ahold Delhaize divested 11 of its Stop & Shop banner stores in a recent transaction

The portfolio of Stop & Shop locations includes:

  • 19 Howley St., Peabody, Massachusetts
  • 905 Massachusetts Ave., Arlington, Virginia
  • 35 Bedford St, Lexington, Massachusetts
  • 55 Long Pond Dr., South Yarmouth, Massachusetts
  • 469 Pleasant St., Attleboro, Massachusetts
  • 595 Smithfield Rd., North Smithfield, Rhode Island
  • 446 Putnam Turnpike, Greenville, Rhode Island
  • 333 W. River St., Providence, Rhode Island
  • 1391 Main St., Willimantic, Connecticut
  • 195 West St., Cromwell, Connecticut
  • 15 Franklin St., Seymour, Connecticut

This acquisition comes as many investors have their sights set on grocery-anchored retail centers, as grocery sales have continued to rise amid the COVID-19 pandemic.

What will be Ahold’s next move in the grocery arena? Keep a tab open for AndNowUKnow to find out.

Ahold Delhaize