TITUSVILLE — A Giant Eagle has landed in Titusville.
The Quality Fresh Market grocery store in Titusville is one of five stores in the region that will be sold by Tops Friendly Markets to Giant Eagle.
The other stores, which were all newly acquired by Tops, are the BiLo markets in Johnstown, DuBois, Brookville and St. Marys.
“As part of our initial evaluation of all Penn Traffic locations, it was determined these stores were on the outer edge of our geographic footprint and would be best served by another retailer with more familiarity with those markets,” said Frank Curci, Tops' president and CEO, in a written statement.
These stores were part of the Jan. 29, bankruptcy court-approved acquisition of a majority of Penn Traffic's assets.
Katie McKenna, communications/public relations manager for Tops, said the closing date on the sale is set for April 24. From that point, there will be a liquidation process after which Giant Eagle will assume ownership, McKenna said.
In January, Tops completed the acquisition of a majority of Penn Traffic assets, including its 79 supermarkets. Tops paid more than $85 million for the stores, including Quality Markets stores in Titusville, Union City, Waterford, Erie and Meadville.
Tops has not made a formal announcement if the Union City of Waterford Quality Markets will be sold. The stores, however, has been stocked with Tops-brand food products.