Parent company Market Basket buys assets from Showcase Cinemas in Seekonk

SEEKONK, Mass. (WJAR) – The company that owns the Market Basket supermarket chain has purchased assets in Seekonk.

The city assessor confirms to NBC 10 News that DeMoulas Super Markets Inc. it bought Showcase Cinemas on Commerce Way for $9. 5 million. The sale closed on July 17.

Target Plaza and Kohl’s stores.

NBC 10 News requested comment from DeMoulas and Showcase Cinemas on long-term plans for the property.

“We verified that the assets are sold and that the theater is currently on lease with the owner,” Showcase Cinemas told NBC 10 News in a statement.

The movie theater is approximately 1. 6 miles from a planned Whole Foods store and an existing Stop and Shop supermarket.

In Bristol County, Market Basket has locations in Fall River, New Bedford, Raynham and South Attleboro.

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