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.
The deal includes properties from Massachusetts to Georgia spanning 1.4 million square feet. All of the centers are leased to Ahold Lease USA Inc., an affiliate of Ahold Delhaize, the parent of the Stop & Shop, Hannaford, Food Lion, Giant, Giant Landover and Peapod brands. The transaction includes Massachusetts properties in Arlington, Lexington, Peabody, Watertown, South Yarmouth, Raynham, Fall River and Attleboro.
Winstanley Enterprises LLC owns 12.5 million square feet of commercial space in New England. In a statement, Principal Adam Winstanley said the company’s strategy was to acquire urban infill supermarket properties in hard-to-replace locations.
Cushman & Wakefield’s Ben Cooper and Jim Jordan brokered the transaction.