The grocery store chain Market Basket has paid $3.1 million for a portion of the planned Route 20 development in Shrewsbury where it will build its latest Central Massachusetts store.
The Tewksbury-based chain is unusual in retail for buying and owning many of its more than 80 store locations in Massachusetts, Maine and New Hampshire. In the case of its store that will anchor a new development at the former Edgemere Drive-In, Market Basket will own about 18 acres of the Edgemere Crossing at Flint Pond site, enough to include its own store, a proposed bank and pharmacy, and another nearly 23,000-square-foot retail space.