Stewart’s Shops is under contract to acquire markets in Dexter and Alexandria Bay in northern New York.
Stewart’s is acquiring The Dexter Market property at 308 Brown St. in Dexter and the Alex Bay Big M Market at 45560 Route 12 in the town of Alexandria.
The expansion is the latest example of the investments Stewart’s is making around Watertown and the Great Lakes Seaway Trail.
Stewart’s is in the midst of rebuilding the shop at the corner of Coffeen and North Massey streets in Watertown. And Stewart’s added three new shops last fall with the purchase of assets from Sliders Food Mart in Clayton, Croghan and Harrisville.
“We have been serving northern New York for decades and these latest investments are the perfect opportunity to expand into two more vibrant, close-knit communities,” said Stewart’s Shops president Chad Kiesow.
The purchase of The Dexter Market and the Alex Bay Big M Market are expected to close in the coming weeks. Terms of the deals were not disclosed.
Stewart’s is working with local officials. Following the acquisitions, Stewart’s will renovate the properties with plans to begin operating at each location in the coming months.
Stewart’s Shops is a family- and employee-owned convenience store chain that is headquartered in Malta, New York, and operates more than 400 shops across upstate New York, Vermont and New Hampshire.
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