More Branch Closures Ahead
New England will lose dozens of bank branches in the next couple of years as several lenders shutter locations inside supermarkets, as persistently small margin spreads make these locations unprofitable.
People’s United to Close 140 Grocery Store Branches in CT, NY
Connecticut-based People’s United Bank said yesterday it would close 140 branches in Connecticut and New York located inside Stop & Shop stores.
Winstanley Buys Grocery-Anchored Portfolio for $150M
Concord-based Winstanley Enterprises and Surrey Equities of New York have acquired 23 grocery anchored shopping centers for $150 million from Philip Morris Capital Corp.
Stop & Shop Will Debut Driverless Grocery Delivery in 2019
Stop & Shop will launch a new grocery delivery in Boston later this year, using remotely piloted vehicles customers can summon with an app.
Eagle Bank Closes Medford Stop & Shop Branch
Everett-based Eagle Bank was forced to close its branch at the Stop & Shop at 471 Salem St. in Medford due to the shuttering of the supermarket last month.
Grocery-Anchored Shopping Center Sold To AEW Capital
AEW Capital Management has acquired the grocery-anchored Lincoln Plaza on Route 3A in Hingham for $41.3 million.
Stop & Shop Eyes 1,000-Unit Allston Development
Stop & Shop Supermarket Co. is drawing up plans for a massive mixed-use development at its 11-acre property next to the Massachusetts Turnpike in Allston, including approximately 1,000 residential units.
Davis Square Grocery Store Plans Filed
An 11,000-square-foot grocery store will open later...
Police Suspect Connection In Middlesex County Bank Robberies
Stoneham police are currently searching for a suspect...
