April 21, 2011

Landlord outbids founder in auction for Lexington's Joseph-Beth bookstore

In a shocking turn, the company that manages The Mall at Lexington Green pulled his financial support from the president of Joseph-Beth Booksellers and outbid him for the bulk of the well-known book chain at its bankruptcy auction Wednesday. Robert Langley of Langley Properties and Neil Van Uum of Joseph-Beth were the only two bidders at Wednesday's auctions who planned to continue operating the stores, Van Uum said after the auction concluded Wednesday night.

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