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Tops Friendly Markets announced that the company will be opening its first new store since it was sold by Ahold to Morgan Stanley Private Equity and became a locally operated company.

The store is in Spencerport, NY, the site of a former IGA store. The addition of the new location is part of Tops’ previously announced $150 million capital investment plan. The project is scheduled to start in March 2010 and is expected to be completed in summer, 2010. Tops will add as many as 100 new positions to operate the full-service grocery store.
 
“With our capital improvement plan in place, it is first on our list of priorities is to invest in those communities where we have built lasting relationships and a strong customer base, and Monroe County and the greater Rochester area certainly fits that description.” said Frank Curci, Tops’ president and CEO. “The Village of Spencerport has been without a grocery store for five years, and village officials and residents have graciously opened their arms and welcomed us into their community. I have no doubt that Tops is the right fit, and that we’ll live up to our promise to provide our new neighbors with the widest variety of products at a great value, within a one-stop shopping experience.”
KC's View:
What’s that old saw about a window opening even as a door closes?

Good for Tops.