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Stockton Market to change hands but will remain open

Posted

Updated April 14, 2022 at 1 p.m.

Although it was reported that Stockton Market would close May 1, the market will stay open, with the Borscht Belt and possibly other vendors to remain.

Vendors were notified in a letter dated April 8, from Steven Grabowski and Cheryl Olsten, that May 1 would be the market’s last day in operation.

When Grabowski and Olsten purchased the building in Stockton, N.J., 11 years ago, the letter said, the market already was in place.
The letter said that five years ago, after the market had failed to make a profit, but determined not to close it, they looked for someone who could bring in “new energy and vision.” However, they said, two lease-purchase owners later, they are back to square one.
Steve Lau, the second lease-purchase owner, in an April 1 letter to “vendors and friends,” said he had made the business decision to hand the keys to the market back to Grabowski and his company, Finale Partners. Lau also referenced his recent decision to exit The Borscht Belt deli restaurant, located at the market.


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