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Toomer’s Coffee, Auburn Rays to Hamilton Place
Auburn, Ala. — Toomer’s Coffee Company and Auburn Rays have each leased 1,400 sq. ft. in Hamilton Place Shopping Center in Auburn, Ala., according to Pine Tree Commercial, which owns the property in partnership with Privet Investments LLC and Silverpeak Real Estate Partners.
The Shopping Center Group represented the landlord in the transaction. -
Report: Market Basket to continue $300 million payout
Tewksbury, Mass. – DeMoulas Supermarkets Inc., operator of the Market Basket supermarket chain, has reportedly been allowed by a judge in Suffolk Superior Court in Massachusetts to continue making a $300 million payout to shareholders.
According to the Boston Globe, Judge Judith Fabricant denied a motion by Arthur T. DeMoulas, president of DeMoulas Supermarkets, to stop the payout, which had been approved by a majority of the company’s board of directors. All nine shareholders receiving the payout are members of the DeMoulas family.