Updated: 05/06/2014 3:36 PM
Created: 05/06/2014 3:34 PM KAALtv.com
(ABC 6 NEWS) -- An Albert Lea grocery store will stay open. Nelson's Market Place will be taken over by Jim Baldus who owns Jim's MarketPlace Foods in Austin.
The new agreement takes effect Monday. Owners of both stores say Baldus would ultimately be buying Nelson's to be renamed MarketPlace Foods of Albert Lea.
The move allows most of the current employees to retain their jobs.