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Brokerage
Posted: February 22, 2019
Capital Group Properties and SRS Real Estate Partners lease 70,000 s/f to Market Basket
Maynard, MA According to Capital Group Properties and SRS Real Estate Partners, Market Basket Supermarket will be the anchor grocery store for the Maynard Crossing mixed-use project, slated to open in the first quarter of 2020. The project will also include The Vue at Maynard Crossing, a 180-unit high-end apartment complex developed by LeCesse Development and a 143-unit upscale senior independent living community developed by Hawthorn Retirement Group.
Maynard Crossing will be a mixed-use, 306,000 s/f supermarket-anchored development featuring multiple restaurants, retail shops, fitness options, residential and senior living complexes, entertainment and medical offices.
Market Basket’s “More for Your Dollar” reputation was recently recognized by Consumer Checkbook as the top New England Grocer for overall value and quality. The new 70,000 s/f store will include a full-service Butcher Block featuring certified angus beef and Market’s Kitchen & Café, a prepared food department. This location will provide cafe seating, with large screen TV’s, and complimentary Wi-Fi. The store plans to hire 250 new associates.
The development will include outdoor amenities such as a walking path which will connect the project to Maynard High School, Fowler Middle School and Green Meadow Elementary School, as well as a water featured park and dog park open to the public.
“Capital Group Properties is taking an old Digital Equipment site that was previously used as an R&D and manufacturing facility and creating a community center that all can enjoy,” said Peter Montesanto, principal at SRS Real Estate Partners. SRS is leading the retail leasing for the project.
In the coming weeks, Capital Group Properties and SRS will be naming additional retailers that will be coming to Maynard Crossing.
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