Pan's Food Center

It’s been more than a year in the making, but Pan’s Food Center has a new owner.

The deal for the 11,750-square-foot grocery store was completed Monday, according to David King, president of David King & Associates, who brokered the deal.

King said the deal, the terms of which were not disclosed, includes a 12-car parking lot to the south of the store, which is located at 824 S. Oak Park Ave.

The mom-and-pop business, run by the family of Steve Vlahos, was sold to Arthur Paris, who owns Carnival Foods grocery store in Lincoln Park. Paris could not immediately be reached for comment.

“It is with deep regret that Pan’s is being sold,” Vlahos said in a news release. “I decided that now it was time to move in a new direction and spend more time with my family.”

Vlahos said in a telephone interview that the business was purchased by his father, John Vlahos, in 1986. He said that his father, who more recently worked part-time at the grocery store, decided to retire and Steve and his brother, Jim Vlahos, have decided to go in a different direction.

Vlahos said Paris purchased the building and inventory and plans to purchase future inventory from the same supplier, Central Grocers. Paris also plans to retain all current employees, Vlahos said.

The building had been closed since Sunday to give the new owner time to take inventory of the store’s existing goods and to finalize the sale of the business. The store was expected to reopen on Tuesday, Nov. 11.

Vlahos said he feels better “handing it over” to Paris because, “he grew up in the area and his manager grew up in the area.”

“We will always cherish our 28 years with our customers and staff,” Vlahos said in the news release. “We would like to thank our loyal customers, our employees and our neighbors for all they have done for us.”

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