After more than forty years in business, Great Lakes Shipping Co. on the corner of Burton and Breton is closing at the end of the month.

The nautical-themed steak and seafood restaurant's last day open will be May 28.

President Bill Irwin told WZZM-13 that the restaurant's lease ran out in December and they were given through May to relocate.

Irwin says the restaurant hopes to move to a new location, but can't afford a bank loan right now.

The restaurant is close to the Breton Village Shopping Center, which is home to the new Fresh Thyme Market, H&M, D&W, and other retailers. CWD Real Estate Investment, who owns the property, plans to tear the building down later this year.