Market Basket Owner Buys Seekonk Showcase Cinemas
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DeMoulas Super Markets Inc., the operator of Market Basket supermarkets, has purchased the former Showcase Cinemas property on Route 114A in Seekonk, Massachusetts. The company plans to demolish the existing building and construct a new Market Basket store in its place.
The sale price of the property was not disclosed. The former Showcase Cinemas building has been vacant since 2016, when the movie theater chain closed all of its locations in the United States.
The new Market Basket store is expected to open in 2024. It will be the company's first store in Seekonk.
The purchase of the Showcase Cinemas property is the latest in a series of expansions for Market Basket. In recent years, the company has opened new stores in New Hampshire, Maine, and Rhode Island.
Market Basket is a privately held company that was founded in 1917. The company operates over 80 stores in Massachusetts, New Hampshire, Maine, Rhode Island, and Vermont.
Conclusion
The purchase of the Showcase Cinemas property is a sign of Market Basket's continued growth and expansion. The new store in Seekonk will provide residents with a convenient and affordable option for their grocery needs.
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