In hot rental market, LI developer sells another South Carolina complex
Bethpage-based supermarket chain King Kullen has been bought by Stop & Shop for an undisclosed sum, according to Newsday. The deal should close in the first quarter of this year. Quincy, Massachusetts-based Stop & Shop, which is a unit of Dutch food retail giant Ahold Delhaize, will assume control of King Kullen’s 32 supermarkets along with five Wild by Nature natural food stores. Stop & Shop will also acquire King Kullen’s Bethpage corporate headquarters. King Kullen had shuttered five stores between 2015 and 2017, though it did open one new locale in North Patchogue in 2015. The sale of King Kullen last week came at the same time that Lidl US, the American arm of Germany’s Lidl grocery chain, closed on its purchase of Bethpage-based Best Market, which runs 24 stores throughout Long Island. [Newsday]
