Annie Philbrick, owner of Bank Square Books in Mystic, Conn., and Chuck Royce, landlord of Bank Square's sister store Savoy Bookshop & Cafe in Westerly, R.I., have purchased Bank Square's building in downtown Mystic, where the store has resided for 34 years. The purchase was made through a limited liability company called 49-53 West Main LLC.
"I am thrilled to be a partner with Chuck and help ensure that Bank Square Books will continue to be a cornerstone of downtown Mystic for years to come," said Philbrick. "For the past five years or more, I have been working towards the purchase of these buildings from the longtime owners who were exploring a sale as they headed towards retirement."
Royce said he is "proud to play a small role in Annie's life-long commitment to independent bookstores. I'm delighted with Savoy and deeply indebted to what Annie and her talented team have accomplished."