A dispute over the cost of rent is the apparent cause of the demise of Plainfield’s Barnes & Noble store.
A rep for the company this week confirmed that the store will close by the end of the year after the bookseller was unable to work out a new lease agreement with its landlord.
Shoppers at the location, open for more than a decade, were greeted this week by large signs advertising a storewide clearance sale.
Without elaborating, Barnes & Noble Vice President of Development David Deason issued a statement on the store closing.
“We worked diligently with the property owner to work out an agreement that would allow us to keep the store open; unfortunately we were unable to reach an economic agreement,” Deason said.
The store is located in the Kensington Center development, which is anchored by a Target store and home to retailers including Maurice’s, Dress Barn and GameStop.
Edwards Realty Company, which manages the property, did not respond to Patch’s request for comment.