Market Basket owner acquires Mass. movie theater in deal valued at nearly $10M

SEEKONK, Mass. — Demoulas, the company that operates Market Basket, recently acquired the land where a Massachusetts movie theater sits in a deal valued at nearly $10 million, records show.

The Tewksbury-based grocery chain purchased the Showcase Cinemas at 100 Commerce Way in Seekonk from NAI Enertainment Holdings LLC on July 17 for $9.5 million, according to Northern Bristol County Registry of Deeds documents.

Market Basket purchases Showcase Cinemas location (Northern Bristol County Registry of Deeds)

It wasn’t immediately clear if Market Basket plans to turn the movie theater into a grocery store.

Showcase Cinemas Seekonk, located just off Route 6, sits near multiple stores including Target, Walmart, Best Buy, T.J. Maxx, HomeGoods, Kohl’s, Lowe’s, and Dick’s Sporting Goods.

WPRI-TV reported that a new Whole Foods is also being built nearby.

Existing Market Basket locations in Bristol County include Raynham, Attleboro, Fall River, and New Bedford.

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