This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Urstadt Biddle Properties Inc. Announces Opening Of A New 55,000 Square Foot Store By Big Y World Class Market At Its Townline Square Shopping Center, Meriden, CT

Urstadt Biddle Properties Inc., a real estate investment trust (NYSE: UBA and UBP) today announced the opening of a new supermarket anchor, BIG Y World Class Market, in its Townline Square Shopping Center in Meriden, CT. The tenant will occupy 55,000 square feet of GLA with a lease that extends through 2031. Big Y and the Company jointly invested over $3 million in the redevelopment of the tenant site which was formerly occupied by another grocery store tenant that vacated the shopping center in 2010. The new lease will generate approximately $900,000 in rental income for the Company during its first year and will help attract a large number of customers to the shopping center. The Big Y World Class Market is owned by Big Y Foods, Inc., a full service supermarket chain owned by the D’Amour family and headquartered in Springfield, MA. The business was founded in 1936 with the opening of its first store in Chicopee, MA. Big Y currently owns and operates 61 supermarkets in the northeast part of the United States. A Big Y World Class Market is also the anchor tenant at the Company’s Five Town Plaza Shopping Center in Springfield, MA and its Veteran’s Plaza Shopping Center in New Milford, CT.

The World Class Market will include a pharmacy, an International Food Court, a full-service seafood department, cheeses from around the world, a full bakery and a floral department. About 150 employees will work at the new store. Additionally, the store’s 15 extra-wide grocery aisles carry specialty foods from such areas as Asia, Europe, Canada, and the Middle East, along with a variety of cookware in the baking aisle, gluten-free items and an expanded selection of condiments.

Willing Biddle, President of UBP said, “We are pleased to announce the opening of this brand new Big Y Foods World Class Market in Meriden, CT, our third lease with this very strong and successful grocer. Big Y will enhance our tenant base at this shopping center and continue the revitalization of the property.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs