PORTLAND, Ore. (KOIN) — The building formerly known as the Food Front co-op has a buyer.

Development of the West Property Services has entered an a contract to purchase the shuttered grocery store, according to an email the Food Front co-op board sent to members Sept. 6.

"I am determined to work with the community to make sure our building adds to this dynamic area and reflects what locals want in terms of design and tenants," Mark New said in a statement. New owns Development of the West with his daughter Rachel.

"This area has been home to my family for generations, and I want to make sure we make a positive difference," New said.

The news comes after Market of Choice backed out of its plan to purchase the site in August. The terms of the deal are similar to those offered by Market o

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