Management of the Edgartown Shell and Depot Market has changed hands, after owner Lou Paciello decided not to renew his contract with longtime lease holders Paul and Terri Hakala.

Mr. Paciello will take over the operations of the Main street market, he said in a phone call with the Gazette.

“We’ve had a wonderful relationship over the years,” Mr. Paciello said of the former tenants, “We found it was in our best interest to run the business ourselves at this point.”

The change in management coincides with the 40th anniversary of the gas station being in Mr. Paciello’s family, he said. Previous iterations of the Shell station include an auto repair shop and a seafood market. In 1997, Mr. Paciello converted the building into the convenience store and self-serve gas station recognizable today.

Shortly after converting the space, Mr. Paciello turned over the keys to Mr. Hakala, who eventually passed on management to his daughter, Terri Hakala. Ms. Hakala ran the business for about seven years, Mr. Paciello said, with the understanding that the most recent lease extension would be the last.

A popular stopping off point for coffee and candy bars on the main stretch into Edgartown, the Depot Market at 141 Main street has been closed in recent weeks.

Mr. Paciello said the closures would continue for the next two weeks as the building underwent minor interior updates, with plans to reopen and then close again for more significant renovations at the end of December.

“It’ll be the same business, just a new look,” he said. “I’m hoping to reopen at the end of January, but we’re waiting on new gas pumps, computers, fridges…you know these things can take longer these days.”