Big Y Buys Diesel Dan Property for $4.25M
LEE, Mass. — Springfield-based supermarket chain Big Y Foods, Inc., has paid $4.25 million for 9.8 acres of property on which it intends to build a new store.
The site, situated between Exit 2 of the Massachusetts Turnpike and the Lee Prime Outlets, was originally home to Diesel Dan’s Travel Complex.
Colebrook Realty Services, Inc. brokered the sale of the property and its improvements. Colebrook Principals B. John Dill and Mitch Bolotin represented the seller, NortherEdge/Plant One Realty Trust. According to documents filed in the Registration of Deeds, the closing date was Sept 20.
Big Y plans to develop a 48,000 square-foot supermarket on the site, with 5,000 square feet of additional retail space. The Zoning Board of Appeals voted unanimously on Sept. 1 in favor of the construction, which is scheduled to begin by the end of the year.
“We are excited to be one step closer to building a Big Y World Class Market in Lee as we continue to move forward with our plans to open this market to better affect customer service strategy for South County,” said Charles L. D'Amour, President and COO of Big Y Foods, Inc., in a statement released by Colebrook today, Oct. 7.
The sale of the property is part of a broader portfolio restructuring on the part of F.L. Roberts & Company, Inc.
According to Steven M. Roberts, President of F.L. Roberts & Company, Inc., “Along came our repurchase opportunity for some of our formerly owned Sunoco station and Colebrook Realty was instrumental in providing a key element to our asset shuffling strategy: a timely Purchase and Sale Agreement with Big Y. Mitch and Jack did an excellent job in a difficult real estate market.”
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Big Y to Workers: Take 'Vacation'
NORTH ADAMS, Mass. — Big Y Foods Inc. last week announced that it was asking its full-time employees to take voluntary layoffs. The Chicopee-based grocery chain sent a press release to certain media, it was reported in Masslive on Thursday. iBerkshires did not receive a statement from the company and a phone call to coporate headquarters on Tuesday to confirm if Berkshire County stores were included was not immediately returned.
The chain has three stores in Berkshire County: Adams, North Adams and Great Barrington. It operates 57 stores in Massachusetts and Connecticut.
According to several media outlets that received the statement, the voluntary layoffs were to begin on Monday. The chain has 9,100 workers to did not say how many were full time or how many would be asked to take time off.
The chain closed its East Hartford, Conn., store a year ago, laying off 100 workers, and shed 300 more two months later, saying it was part of a new operational strcture.
According to the company's Web site, it was ranked the second largest employer in Western Mass. in 2006 by Business West and as the eighth-largest private company in the area by Boston Business Journal.
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