The World’s Biggest Bookstore is, alas, not long for this world.
The current lease on the building, held by Indigo Books and Music, runs out at the end of 2013 and is not being renewed. The owners, the family of the late Jack Cole
, co-founder, with his brother, Carl, of Coles Books, still own the 64,000-square-foot building they converted from a bowling alley in 1980.
According to Stuart Smith, a VP at CBRE Commercial Real Estate Services, who is handling the account, the owners would like to rent it to a single tenant. “It’s the rarity of an envelope of this size in an area this far downtown that makes it so unusual,” he says.
According to Smith, the space has been quietly on the market for a year.
Writer: Bert Archer
Source: Stuart Smith
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NOTE: This story has been edited to add the fact that, though it had gone unreported until now, the space at 20 Edward Street has been on the market for about a year.