Though a local bookstore has been forced to close its doors, it’s not leaving without a night of fun and magic.
Branch’s Chapel Hill Bookshop lost its lease in the Village Plaza Shopping Center, but owner Kate Branch still plans on holding a midnight “Harry Potter Pajama Party” this weekend to raise money for the store’s possible reopening and to celebrate the novel’s release.
The store’s landlord, Mark Properties, informed Branch that her lease will not be renewed because of the store’s failure to pay rent.
The store started lagging in rent payments when Branch had to leave in January to care for a sick family member.
Upon her return to the store, Branch worked out a negotiation with Mark Properties to allow for reduced rent.
Mark Properties recently fired all of its employees who dealt with Branch’s situation and the conditions of the rent negotiation fell by the wayside.
Instead of a rent decrease, the landlord added late fees.
The required payments totaled more than $90,000 — a jump of almost $50,000 more than the originally projected amount.
Branch has tried to keep the store open but was finally forced to close the doors last week.