Tops expands in Erie County with purchase of Boston business
BY: Press Release | June 29, 2012
Tops Friendly Markets announced that the company will add its 35th store in Erie County by purchasing the North Boston Market Place located on Boston State Road in North Boston.
Tops said it has entered a purchase agreement and will assume operation of the grocery story upon closing.
“North Boston Market Place has served the surrounding community for many years and we plan to continue the tradition of providing shoppers with an exceptional shopping experience,” said Frank Curci, Tops president and chief executive officer. “As a neighborhood store, customers will see increased variety, a commitment to health and wellness and exceptional value and savings in an overall enhanced store setting.”
In the coming months, Tops will invest in a renovation at that location including new interior and exterior signage, a new storefront and updated décor. Officials said the closing is expected to take place on July 9. The store will reopen on July 10 as Tops Markets.
The North Boston Market Place originally began under the ownership of Bob Marean as a Tops-sponsored B-Kwik 40 years ago. Bob Marean’s son Mike has been involved in the business for more than 30 years.
In a statement, the Marean family said, “We would like to thank the North Boston community and our associates for 40 years of support, commitment and service.
“We are confident that Tops will be a good neighbor and will continue to serve the needs of this community for many years to come.”
There are eight full time and 22 part time employees at the North Boston location, all of whom have the option of applying for continued employment with Tops Markets, according to representatives.
The purchase is subject to customary closing conditions. Specific terms of the agreement were not disclosed.