Real Estate
Stop and Shop to Lease Medford Foodmaster Location
Chain plans to open new grocery store there.
The Foodmaster on Salem Street in Medford is closing, but there are already plans in place to open a new supermarket at its storefront.
Supermarket chain Stop and Shop plans to aquire the lease at 471 Salem St. before the end of 2012 and then open a store there, according to a press release from Stop and Shop.
Stop and Shop plans to open the new store "quickly" after the lease is aquired, but no timetable was given in the press release. Employees at Foodmaster who want to work at the new store will be given a chance to interview, the release said.
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Stop and Shop already operates a supermarket in Medford at 760 Fellsway, less than two miles from the Salem Street location.
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