SEABROOK, NH —Waterstone Properties announced that BJ’s Wholesale Club will be opening its newest club on Route 1 (Lafayette Road) in Seabrook, New Hampshire, in 2021.
BJ’s will build a 90,000 square-foot structure on the 20-acre site, currently owned by Waterstone, located at the crossroads of Interstate 95 (Exit 1), Route 107 and Route 1 in Seabrook—just one mile from the Massachusetts border.
With unparalleled access and visibility from Interstate 95, the new BJ’s will be at the center of several adjacent outparcels that are being offered for future development. The site is located in the center of Seabrook’s popular retail corridor—in the heart of the famed New Hampshire seacoast area, with a four-season stream of day trippers and vacationers. The area has seen nearly one million square feet of new development in the past seven years.
“We searched long and hard to find the best use of this location and BJ’s Wholesale Club fit all the criteria. We expect BJ’s to be a popular asset and retail destination for the entire community and region,” said Josh Levy, co-founding principal of Waterstone. “In addition to the everyday savings they are known for, BJ’s is bringing dozens of stable and secure jobs to the area. Their popularity will draw more adjacent businesses, and even more jobs, in the very near future.”
BJ’s Wholesale Club is a leading warehouse club operator on the East Coast, operating 218 clubs. The company has 5.5 million members and reports $12.7 billion in annual sales. Founded in 1984 and with headquarters in Westborough, Massachusetts, BJ’s was the first retailer to introduce the warehouse club concept to New England.
The BJ’s Wholesale Club in Seabrook will be the seventh company location in the state of New Hampshire joining clubs in Manchester, Nashua, Portsmouth, Salem, Tilton and West Lebanon. The club provides substantial savings (an average of 25%) on goods and services for members who join and pay an annual fee. Services offered by the club include optical, travel, phone and more.
The company’s name was derived from the initials of the daughter of the first president of the company; Beverly Jean Weich,—daughter of Mervyn Weich.
Waterstone Properties Group, Inc., is a privately owned and self-funded real estate development company with a diverse portfolio of properties in the United States totaling more than seven million square feet of space among 53 properties—with an additional three million square feet under development. It specializes in the creation of retail shopping centers, mixed-use properties, residential, warehousing and logistics, corporate headquarters buildings and medical campuses. The company is also a pioneer of large-scale, immersive, entertainment and experiential-based destination locations that attract guests from across the country. With a portfolio of more than 300 national and local tenants—ranging from international category leaders to local family-owned businesses—Waterstone prides itself on maintaining long standing relationships with its business partners and being an active participant in its surrounding communities.
