{"id":1004379152,"date":"2020-01-02T06:19:07","date_gmt":"2020-01-02T14:19:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004379152"},"modified":"2020-01-07T09:19:11","modified_gmt":"2020-01-07T17:19:11","slug":"net-leased-supermarket-portfolio-trades-for-150m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/net-leased-supermarket-portfolio-trades-for-150m\/","title":{"rendered":"Net-Leased Supermarket Portfolio Trades for $150M"},"content":{"rendered":"
\"\"

Image via Pixabay<\/em><\/p><\/div>\n

In a $150 million deal announced on Christmas Eve, Winstanley Enterprises, of Concord, Mass., and Surrey Equities, of New York, purchased a portfolio of 23 triple-net leased supermarkets. The seller was Philip Morris Capital Corp.<\/p>\n

All of the supermarkets are leased to Ahold Lease USA, an affiliate of Ahold Delhaize, itself a wholly owned subsidiary of international grocery giant Koninklijke Ahold Delhaize N.V. Ahold Delhaize owns several popular U.S. supermarket chains, including Stop & Shop, Hannaford, Food Lion, Giant and Giant Landover, as well as grocery delivery powerhouse Peapod.<\/p>\n

\n

READ ALSO: <\/strong>Grocery-Anchored Shopping Centers: A Safety Net in Unpredictable Times<\/a><\/p>\n

\n

Of the 23 supermarket sites, 14 are in New England, and the rest are in New Jersey, New York, Pennsylvania, Virginia, North Carolina, South Carolina, and Georgia. Their total area is 1.4 million square feet.<\/p>\n

The New England properties comprise eight Stop & Shop supermarkets in Massachusetts (Watertown, Arlington, Lexington, Peabody, South Yarmouth, Raynham, Fall River and Attleboro), three Stop & Shop stores in Connecticut (Seymour, Cromwell and Willimantic), and three Stop & Shop stores in Rhode Island (Smithfield\/Grenville, Providence and North Smithfield).<\/p>\n

The acquisition was part of a long-term strategy by Winstanley and Surrey to acquire well-located urban infill supermarkets in hard-to-replicate locations.<\/p>\n

The brokers in the transaction were Ben Cooper and Jim Jordan of Cushman & Wakefield.<\/p>\n

Dependable, yet evolving <\/strong><\/h2>\n

Last month, a Stop & Shop\u2013anchored center in Simsbury, Conn., sold for $46.5 million<\/a> to PAG Investments.<\/p>\n

At a capital markets conference one year ago, the CEOs of two retail REITs discussed the ongoing upheaval in retailing<\/a> and focused part of that discussion specifically on the future of grocery stores. One conclusion was that while physical stores will remain important, there will be fewer traditional grocery-anchored retail centers.<\/p>\n

More recently, a CBRE report examining the grocery sector predicted steady, dependable grocery industry growth over the next five years, yet also noted that this growth will be strongest across non-traditional and specialty formats, such as smaller, convenience-oriented concepts in urban locations.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Winstanley Enterprises and Surrey Equities acquired 23 NNN grocery assets on the East Coast.<\/p>\n","protected":false},"author":882,"featured_media":1004379158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,21749],"tags":[32799,48284,48281,43244],"class_list":["post-1004379152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-retail","tag-cushman-wakefield","tag-philip-morris-capital-corp","tag-surrey-equities","tag-winstanley-enterprises"],"acf":[],"yoast_head":"\nNet-Leased Supermarket Portfolio Trades for $150M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/net-leased-supermarket-portfolio-trades-for-150m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net-Leased Supermarket Portfolio Trades for $150M\" \/>\n<meta property=\"og:description\" content=\"Winstanley Enterprises and Surrey Equities acquired 23 NNN grocery assets on the East Coast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/net-leased-supermarket-portfolio-trades-for-150m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-02T14:19:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-07T17:19:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/retail-news-04.-Image-via-Pixabay.com_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/net-leased-supermarket-portfolio-trades-for-150m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/net-leased-supermarket-portfolio-trades-for-150m\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Net-Leased Supermarket Portfolio Trades for $150M\",\"datePublished\":\"2020-01-02T14:19:07+00:00\",\"dateModified\":\"2020-01-07T17:19:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/net-leased-supermarket-portfolio-trades-for-150m\\\/\"},\"wordCount\":347,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/net-leased-supermarket-portfolio-trades-for-150m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/01\\\/retail-news-04.-Image-via-Pixabay.com_.jpg\",\"keywords\":[\"Cushman & Wakefield\",\"Philip Morris Capital Corp.\",\"Surrey Equities\",\"Winstanley Enterprises\"],\"articleSection\":[\"Deals\",\"Investment\",\"News\",\"Northeast\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/net-leased-supermarket-portfolio-trades-for-150m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/net-leased-supermarket-portfolio-trades-for-150m\\\/\",\"name\":\"Net-Leased Supermarket Portfolio Trades for $150M - 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