Big Y Acquires 7 A&P Stores

SPRINGFIELD, Mass. — Big Y Foods here said last week it has agreed to acquire seven A&P supermarkets in northern Connecticut, but sources said the company might not end up keeping all of them open. This may be a real estate strategy in which they operate maybe three of the stores, and let the leases expire on the rest to eliminate a competitor, said Matt Casey of real estate consulting firm Matthew

SPRINGFIELD, Mass. — Big Y Foods here said last week it has agreed to acquire seven A&P supermarkets in northern Connecticut, but sources said the company might not end up keeping all of them open.

“This may be a real estate strategy in which they operate maybe three of the stores, and let the leases expire on the rest to eliminate a competitor,” said Matt Casey of real estate consulting firm Matthew P.

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