Winstanley sells 3 CT Stop & Shop-anchored properties as part of larger $295M portfolio deal

 Prominent Connecticut landlord Winstanley Enterprises has sold off a portfolio of 11 Stop & Shop-anchored properties, including three in the Nutmeg State, for $295 million,
 
Combined the 11 properties contain 748,141 square feet of space. Massachusetts-based Winstanley Enterprises and Surrey Equities of New York bought the buildings just over a year ago as part of a 23-property portfolio.
 
The buyer was Illinois-based The Inland Real Estate Group of Cos Inc.
 
Stop & Shop-anchored properties in Cromwell (195 West St., sold for $23.9 million,), Willimantic (1391 Main St., sold for $27.9 million) and Seymour (15 Franklin St., sales price not available) were part of the deal.
 
The remaining properties were located in Massachusetts (five) and Rhode Island (three).
 
JLL Capital Markets was the listing broker in the deal and helped arrange $157.95 million in acquisition financing, it said.
 
Stop & Shop, a division of Ahold Delhaize USA Inc., is the third-largest supermarket operator in the U.S. 
 
JLL said grocery-anchored retail centers are investors’ preferred retail property type.