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Syosset Borders Saga Continues with Lease Issues

Hangups with leases mean Borders still stands vacant without a buyer.

 

Just over two months ago, Borders of Syosset closed their doors after the book retailer giant filed for bankruptcy. The building still stands vacant and the only thing close to filling the empty store was limited-time-only Spirit Halloween in October.

Issues with lease agreements have held up the sale and transformation of the property into a new business.

We explore the history of the Borders saga and ask you, what now?

February 4th, 2011

are released.

June 10th, 2011

.

July 19th, 2011

“I was just really upset,” Vogelsberg said. “Not just for myself, but for other employees. This place has been home, for so many people.”

Book Revue owner says demise of retail giant both positive and negative for book industry.

July 22nd, 2011

A view of the book store in Syosset as they prepare to shut down.

September 6th, 2011

Sunday, September 18th, 2011

Syosset Borders finally closes its doors.

October 2011

Borders became Spirit Halloween a temporary lease for Halloween decorations. 

November 2011

Spirit Halloween closed the first week of November after the Halloween season ends.

Today

Borders still stands empty and without action. 

Recently, the Hicksville Barnes & Noble closed their doors and considered splitting the business into smaller properties rather than a big store. Since Syosset is now without a larger book and accessory store, is the neighborhood a good place for a Barnes & Noble?

Lease issues and agreements are in the process of turning the property over to be sold. Stay with Patch this week for more information.

Kevin Holian December 01, 2011 at 12:31 PM
What proactive actions could have been taken by the real estate owner to ensure the lease data was a viable one? How dud this occur if the owner was truly interested in leasing the property and ensuring financial stability for Syosset and the Town of Oyster Bay?
Concerned December 01, 2011 at 02:20 PM
The owner is interested in making money. Not in ensuring financial stability for Syosset and the T.O.B. As soon as the right deal comes along for the owner, it will move fast. Syosset and the T.O.B. will have no say.
Jason Molinet December 01, 2011 at 05:35 PM
Right, and you can't exactly plan for a big box retailer such as Borders to simply go out of business.

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