Vassar Market is located at 1870 Vassar St. in Reno.
The owners of Vassar Market recently purchased the company’s property at 1870 Vassar St. in Reno in a transaction valued at $750,000.
According to a March 12 press release, the Nevada State Development Corporation assisted with financing in conjunction with United Federal Credit Union.
Vassar Market had been operating as a convenience store for prepackaged food, alcohol, toiletries and over-the-counter medications, among more. The additional investment will allow the business to expand to a full-service market, according to NSDC.
“We’ll be able to offer a full array of grocery items to serve our customer base, including fresh fruit, fresh produce and a fine selection of meat,” Mariazaman Mari, who owns Vassar Market with her mother, Anzira Khatun, said in a statement. “Most of our established customers are residents of the nearby apartment complexes and employees of businesses in the area, and we are pleased that we’ll be able to serve them better and meet all of their grocery shopping needs.”
Mari added that Vassar Market’s position in the community became even more crucial with the closing of the nearest previously operating grocery store, Sak’N Save, which has not been replaced by a new facility.
“This purchase is a major step forward for the owners of Vassar Market and it will benefit the Reno neighborhood that it serves as well,” Sandy Gordon, vice president/business development officer with NSDC, said in a statement. “This purchase allows Vassar Market to continue to operate and thrive in this location, whereas the business may have been lost if the building had been occupying for many years had been purchased by a disinterested third party.
"This type of change might very well have left the market owners out in the cold if they could not find a suitable place to relocate. Instead, it’s a huge win for everyone involved.”