Big Value Plaza has been sold and will soon receive a facelift, but the stores that call the Dartmouth Street plaza home will not be going anywhere.

According to a press release, the 718 Dartmouth St. shopping plaza has been sold to a real estate company headed by commercial retail investor Donat C. Aubuchon.

In the press release, Aubuchon said his immediate plans for the property is to revitalize the appearance of the existing buildings with a new facade to improve business. He confirmed all of the plaza’s existing tenants, including Big Value, will remain in the plaza.

He is also considering adding a new free-standing retail building to house a new tenant.

The property was previously owned by the Tatelbaum family, including current Dartmouth Select Board member David Tatelbuam. The family had occupied the site since 1965, when it was home to a Mars Barginland. Tatelbaum opened Big Value in 1990.

“We’ve been managing the property for quite a few years,” Tatelbaum noted. “We’re all getting older, and decided to sell it.”

He said that the sale “worked out well for everybody,” adding that the new owner is “very loyal to the local community.”

The sale will allow Tatelbaum to devote more time to Big Value itself, which has a long-term lease. “We’re not going anywhere,” Tatelbaum said.

“It’s been a real pleasure working with the Tatelbaum family,” Mr. Aubuchon noted. “They are true to their word, kind, honest, and I look forward to working with David, who operates Big Value and his brother Ira, who has done a marvelous job of managing the plaza, for years to come.”