Wine, spirits store sold

Lofino’s is selling the Beaver Valley Wine & Spirits store to new owners, who have plans for a significant expansion.

The shop is located at 3325 Seajay Drive in the Beaver Valley Shopping Center. The retail center had been anchored by a Lofino’s Marketplace grocery store, in which the state agency liquor store was originally housed. The liquor store and wine shop moved out of the grocery store when the store itself closed in 2015, relocating to a 3,000-squarefoot tenant space on the other side of the retail center.

The new owners are Mike Monaghan, Suzette de Guzman and Melvin Montiero. Montiero will serve as manager of the store, according to Monaghan, an insurance and investment adviser who operates Monaghan Associates in Clayton.

The shopping center, which has struggled in recent years especially after nearby cinemas and the grocery store closed, has seen an uptick in activity and interest in and around the center, with the addition of an SVG Motors car dealership coming into the former Eastgate Ford space, a new car wash, and a transition from Beef O’Brady’s to Wings Sports Bar & Grille, Monaghan said.

A liquor store and wine shop that prior to 2015 was housed inside the former Lofino’s Marketplace and which is now in tenant space on the other side of the Beaver Valley Shopping Center has been sold, and its new owners are planning an expansion.

Over the next three to four years, the new owners will be looking for a new location, preferably within the shopping center, that would double its footprint to as much as 6,000 square feet, Monaghan said.