If memory serves me correctly, at least it's last couple years it was run by the Fischer family. Upon closing as a theatre it re-opened as a popular neighborhood roller skating rink. Two movies I specifically recall seeing at this theatre were The Beast of Hollow Mountain, and The Creature from the Black Lagoon.
Source: Jim Fahlstedt
At one time, this neighborhood sub-run was operated by the Butterfield and Johnson chain. It later operated with several of the Boshoven-Busick theaters. It closed in the late 50s, if my old mind is not too hazy.