Parent company Market Basket buys assets of Showcase Cinemas in Seekonk

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

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

Includes Target and Kohl’s stores.

NBC 10 News sought comment from DeMoulas and Showcase Cinemas on the property’s long-term plans.

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

The movie theater is approximately one mile from a planned Whole Foods store and an existing Stop and Shop supermarket.

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

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