Tuesday, April 26, 2016

New England

Rockland Trust’s parent company has agreed to acquire the parent of the Bank of Cape Cod for $31 million. The deal will add four locations to Rockland Trust’s existing fleet of branches on the Cape. The deal must be approved by shareholders of Bank of Cape Cod parent New England Bancorp and is expected to close in the fourth quarter of 2016... Fast-casual chain b.good is opening a Woburn, MA location at 4 Cummings Park this summer, the 17th b.good in the state. The chain has 9 33 locations in 9 states and Canada...Firehouse Subs opened of its first location in CT last month. This is a milestone for the brand as it enters its 44th state and continues to expand in the northeast. Firehouse Subs has over 960 restaurants in 44 states...Staples has teamed up with Boston co-working company Workbar in a deal that will turn part of a select group of Staples stores in Danvers, Norwood and Brighton into shared office space. The 2,500-3,500 s/f facilities will offer high-end workspaces, conference rooms, private phone rooms, Wi-Fi, printers, and coffee and tea. The locations within Staples will be operated by Workbar. Workbar has 14 MA locations....Target has acquired the land at 7 Allstate Road in Dorchester where its South Bay Center store is located for $18 million. Target also acquired the landlord’s interest in the building...Ethan Allen opened a new design-oriented retail format at Garden City Center, Cranston, RI. The 6,000 s/f store features an open floor plan, and showcases the company’s new interactive design service... Whole Foods will open its new location on Route 110 in Westford May 4. The 43,000 s/f store is located in a former Market Basket...Under Armour will open its second-largest store in North America in Boston’s Prudential Center this fall, in an 18,000 s/f space... Stop & Shop Supermarket Company has opened a “Green Energy Facility,” in Freetown, MA, that will convert inedible food from Stop & Shop’s 212 New England stores into energy that will help power the company’s distribution center in Freetown. The facility is expected to process an average of 95 tons of inedible food per day.  As the food breaks down, it produces gas that fuels a generator that, in turn, generates electricity. The energy produced by the 12,000 s/f facility will provide up to 40% of the 1.1 million square-foot Freetown distribution center’s energy needs, enough power to operate the facility for four months out of the year. Once fully operational, the facility will create approximately 1.25 megawatts of clean electricity.

No comments:

Post a Comment