Happy ending for Warwick’s bookstore as local investors step in to save the day – The San Diego Union-Tribune

0
21

With the store facing an uncertain future, investors bought the building that houses it

By John Wilkens, May 2, 2021 5:55 AM PT

From left, Steve Avoyer, Nancy Warwick, and Jack McGrory at Warwick’s bookstore.
(Eduardo Contreras/The San Diego Union-Tribune)

Warwick’s calls itself the oldest bookstore in America continuously owned and operated by the same family.

This is its 125th year in business, the last 70 of them in a building on Girard Avenue in La Jolla.

A couple of months ago, fourth-generation owner Nancy Warwick got unexpected news that made her wonder how much longer the store would be in existence.

Her longtime landlord had received an unsolicited, $8.3 million bid — all cash — to buy the building.

The landlord had accepted. Warwick, who had been negotiating a new lease, was given 15 days to beat the offer or face an uncertain future with a new landlord.

Source: Happy ending for Warwick’s bookstore as local investors step in to save the day – The San Diego Union-Tribune


Discover more from DrWeb's Domain

Subscribe to get the latest posts sent to your email.

Leave Your Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.