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Lease Signing Awaited On Thriftway Successor

SANATOGA PA – The investment group that owns the Sanatoga Thriftway building at 2190 E. High St. has successfully completed negotiations with a new supermarket tenant to occupy the now-vacant space and is awaiting final signatures on a lease agreement, its representative said Tuesday (Nov. 3, 2015).

R.D. Sharma, managing partner of property owner Pottstown Village Holding LP, said he hoped the new tenant could have the store open sometime around mid-December. “Hopefully before Christmas,” he added. He declined to identify the incoming company.

Thriftway closed in mid-August after its operators of 18 years, the DeLorenzo family, determined they could not continue.

At the time Sharma anticipated professional help with which he was associated could quickly re-open the store, and signs were briefly posted there to announce it was hiring employees. Lining up suppliers proved difficult, however, and some product shelves remained empty, he said.

Resurrecting the store became even more complicated by the former operators’ related bankruptcy proceedings after it closed. Issues involving the property as a result of the legal filing are now resolved, and “we have the keys,” Sharma noted, indicating control of the property.

Sharma said he was happy with the way negotiations had gone, and that he was looking forward to having the property re-occupied.

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