Grocery stores

ECHO Realty is a full-service owner and operator of grocery-anchored retail real estate, with a portfolio of approximately 230 shopping centers across key midwest and southeast U.S. markets.

The $440 million acquisition strengthens Blackstone’s investment in real estate backed by essential retail tenants.

C&S had been slated to acquire nearly 600 divested stores as part of the merger, but regulators questioned its ability to compete effectively.

The sale of Northeast Grocery is attracting interest from PE firms and other grocery chains.

The FTC and a group of other states that are also probing the deal aren’t involved in the Washington state lawsuit.