Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FREETOWN, MA-The Stop & Shop Supermarket Co. plans to build a new distribution center on a 151-acre parcel off South Main Street. A spokesperson for the supermarket chain tells GlobeSt.com that the company has not made a determination yet about the fate of the company’s facility in Readville.

The plan involves two warehouse and distribution buildings totaling 1.3-million sf. The dry goods warehouse will total 619,000 sf and the perishables warehouse will total 700,000 sf. The site is zoned industrial and is part of the former FreetownEnergy Park, a synthetic gas plant that produced methane from naphthafrom 1973 to 1986.

The project also includes 75,000 sf of office space, a 15,000-sf maintenance building, trailer storage, 1,100 parking spaces, loading areas, fuel islands, truck trailer wash bays, landscaped areas, and storm water management areas.

The project’s estimated assessed value is approximately $45 million. As part of the project, Stop & Shop will design and construct a number of road improvements at the Route 24/South Main Street interchange, subject to Massachusetts Highway Department approval.

Stop & Shop says it is also working closely with the town to design plans for widening a portion of South Main Street, and the company says it will pay for the work.

The warehouse and distribution center site has been designated an EconomicOpportunity Area within the Economic Target Area of Greater NewBedford. The Southeastern Regional Planning and Economic DevelopmentDistrict has identified the site as a Priority Development Area. In return for project benefits listed above, Stop & Shop has requested a Tax Increment Financing agreement with the town.

The company is in the process of seeking the permits necessary to develop the project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.