WEST HARTFORD – A group of community leaders including Henry M. Zachs, Alan Lazowski, Brian Newman, Leonard Udolf and others has finalized a deal allowing The Crown Market in West Hartford to operate at its current location without interruption. There has been tremendous community response via a petition and social media after the 74 year-old market announced plans two weeks ago to close due to economic challenges.
“The cornerstone of the deal is a new 25-year lease signed today with Udolf Properties, owner of the building. Leonard Udolf and Robert Udolf immediately came forward with an extremely generous lease agreement that will dramatically lower our operating costs which is vital to the success of this venture,” said Alan Lazowski. “The Udolfs’ spontaneous generosity and the investors’ support have made this project a reality.”
“We simply could not stand by and let this store just close its doors. It has been a pillar of our community for generations,” said Leonard Udolf. “By offering well-below market rates, we’ve now ensured that The Crown Market will survive. This is not a business deal for us. It is a matter of all of us working together toward a common goal. We felt that is was critical to preserve traditions that we hold dear.”
The preservation of the Crown was also made possible through the cooperation and dedication of Marc Bokoff, who operated the business for the past five years. Bokoff said, “I’m thrilled that the community has come together to preserve this landmark institution and the many jobs which were at stake. I look forward to continuing to work with the new owners to ensure a smooth transition.”
According to its new owners, funding will not only put the market on strong financial footing, but will also allow the Crown to move forward with leading edge store design, modernized inventory systems and specialty items, while preserving the most beloved of its current offerings.
The market will continue to remain open and will be restocked with merchandise for Passover beginning March 9, 2014. Orders for prepared foods will be accepted as soon as the holiday menu is printed.
For further information visit thecrownmarket.com or facebook.com/thecrownmarket.