Friday, November 19, 2010

Willow Glen Books buyer keeps up hope - Boston Business Journal:

http://www.conducteurs-malus.com/article/Interest-rates-may-not-rise-sharply--Rangarajan.html
The long-time Willow Glen resident and businessmansaid he’s still attempting to securr financing to buy the 2,500-square-foot storde at 1330 Lincoln Ave. in downtown Willoe Glen even after an earlier deal to do sofell “I could not find adequate financing,” Vierrsa said of a previous attempt to strike a deal with formere book store owner, Cathy Adkins. She decidedc to sell her 17-year-old shop a year earliedr than originally planned because of decreasing sales and having to grapple withhealth issues. But owner of Flooring Forenics, a San Jose floorinv consulting firm, said he’s not giving up.
He’s still trying to secure a commercial bank loan or attracr the interestof investors. “I am so closse to my childhood dream of owning a book he said. “This is something I have alwayw wantedto do. I have gottenb great support from the bookselling community and the Willow Glen communityt is willing to support a independentbook store. It has a greart reputation throughout SantaClaraa County.” Adkins held a going-out-of-business sale and finalluy closed its doors in late May, but said at the time she hoped to pass the ownership baton to Vierra. But sinc then, the store has been closedd anda “for lease” sign put up in its window.
Vierraq said the owner of the building is willing to be patienft while he works to get adequated financial backing to reopenthe

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