B&N Closing Saugus, Mass., Store

Barnes & Noble is closing its Saugus, Mass., store on January 23, the Boston Business Journal reported. Located in the Staples Plaza shopping center on Route 1, about 12 miles northeast of Boston, the store was in business for 25 years.

According to B&N, the store's landlord has not renewed the lease because it has plans to redevelop the shopping center; the landlord, Ares Management Corp., has told the Business Journal that that isn't accurate and it is instead working to bring a "national retail tenant" into that space.

While no details have been announced, B&N is scouting the Saugus area for a suitable space in which to reopen the store.

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