Sears moving from Cranberry Plaza

Aug 18, 2010

Sears is the latest store to be moving from Cranberry Plaza in East Wareham.   Unlike TJ Maxx and Walmart, the other major retailers that have vacated or are in the process of vacating the plaza recently, the store will be moving east to Jordan Plaza in two weeks rather than to West Wareham.

"It didn't make sense to go to Wareham Crossing," Morrison said.  Rather, "it was more logical to move East, with a good business coming from the Cape, we wanted to be closer to that."

Morrison said that the store's 12-year lease was up for renewal, and that they were looking for a new location to modernize and update their store.  Walmart's plans to move had no impact on their decision.

"We had planned the move before Walmart had announced theirs," Morrison said, adding that "all the leases are coming up for renewal in the area, it's a real-estate checker game."

In addition to TJ Maxx and Walmart, Blockbuster Video also left the plaza within the past two years, leaving only Stop and Shop as the anchor store in the plaza, which is owned by a real-estate investment trust after being sold by Tedeschi in 2007.  When Sears opened in 1998,  it filled the last remaining space in the 275,000-square-foot shopping center.