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Market Basket falls behind on two of its leases

A sign supporting ousted president Arthur T. Demoulas sat outside the entrance of Market Basket’s corporate offices in Tewksbury in July.

Wendy Maeda/Globe staff/file

A sign supporting ousted president Arthur T. Demoulas sat outside the entrance of Market Basket’s corporate offices in Tewksbury in July.

Market Basket has fallen more than $50,000 behind on leases for two of its stores, according to letters sent by the property owners.

The letters, obtained by the Globe, say that the August payments for the Market Basket stores in Westford at 160 Littleton Road and in Cornerstone Square are past due. Over $16,000 was owed on the Littleton Road store’s lease, according to a letter dated Thursday. A letter sent Wednesday says more than $34,000 is owed on the Cornerstone Square store.

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It was not immediately clear why Market Basket fell behind on its leases. A spokesman for Market Basket declined to comment.

The company has been rocked for the past three weeks by a major drop in customer volume and a collapse of its supply chain cause by a walkout by at least 500 employees of its warehouses and its Tewksbury headquarters.

Unlike most supermarkets, which lease space as needed, Market Basket owns many of its stores and the plazas they anchor. Its leases for the Westford stores were signed in 1985 and 2011, according to the letters.

The Cornerstone Square property is owned by a company called Westford LC, LLC. The Littleton Road property is owned by Westford Valley Marketplace, Inc. Representatives of Westford Valley declined to comment. Representatives of Westford LC couldn’t be reached.

Jack Newsham can be reached at jack.newsham@globe.com. Follow him on Twitter @TheNewsHam.
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