WESTFIELD, NJ — An Italian restaurant on Elm Street that has been in town for 25 years is closed for good, its owner said.

The owner of Theresa’s Restaurant, Robert Scalera, in a letter shared by Downtown Westfield Corporation Tuesday said he is closing the restaurant and moving on to another business opportunity. Two other downtown restaurants owned by Scalera — Mojave Grill and Isabella’s — closed in previous years.

“The decision is not an easy one and along with it comes much sadness and a heavy heart,” Scalera wrote. “I have truly enjoyed serving you all with delicious and memorable meals at Theresa’s, Isabella’s and Mojave Grill over the years.”

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He offered praise for his customers and the community but also cited financial concerns. Calls to the restaurant were not returned this week and last week.

Confirmation of Theresa’s closure comes as the Greek restaurant Ambeli, also on Elm Street, leaves its space there in advance of Spice Bazaar – Casual Indian Dining’s anticipated move into that location. The owners of Spice Bazaar anticipate opening a Pan-Asian eatery at the restaurant’s existing Quimby Street location.

Sherry Cronin, executive director of Downtown Westfield Corporation, which manages the special improvement district in which Theresa’s was located, had no word on a tenant slated to replace Theresa's.

Email Staff Writer Matt Kadosh at mkadosh@tapinto.net; Follow him on Twitter: @MattKadosh