X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST BRIDGEWATER, MA-Shaw’s Supermarkets will spend $420 million over the next three years on replacement and new stores in the New England region. The locally based supermarket chain currently has 187 stores.

Bernard Rogan, spokesperson for the company tells GlobeSt.com that concurrent with that plan, over the next four years Shaw’s will spend $400 million to renovate 90% of its existing stores. “Virtually every store will be remodeled and upgraded,” notes Rogan. He adds that most Shaw’s stores average between 60,000 sf and 65,000 sf and the company generally leases the property on which it builds its stores.

In the Greater Boston area, Rogan says that Shaw’s is either in the permitting phase or has completed permitting for stores in Sandwich, Mashpee, Orleans, Harwich, Wakefield and Burlington. A store will be open this spring in the Prudential Center in the heart of Boston and the company is currently significantly expanding its store in Somerville. In addition, Shaw’s is in the process of developing two stores in Rhode Island–in Providence and in Cranston.

The competition in the region among grocery store chains has become fierce with Stop & Shop also opening a number of new stores. “The customer benefits from the competition,” says Rogan, acknowledging that the market now is not “for the fainthearted. If you enter the game you need the wherewithal to compete.” Rogan says that it costs between $12 and $14 million, not including land and site development costs, to build an average store.

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?

Dig Deeper

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
 

GlobeSt

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.