Barnes & Noble Booksellers will close its University Park Village store in Fort Worth in December rather than renew its lease, the retailer confirmed Monday.
"Unfortunately, we were unable to reach terms to extend our lease that were acceptable," David Deason, vice president of development for Barnes & Noble, said in a statement.
Company spokeswoman Carolyn Brown said she did not know how many employees work at the store, on University Drive just south of Interstate 30, but that they will be able to apply for openings at other stores.
Barnes & Noble also has a store south of University Park Village on University Drive at Berry Street near Texas Christian University. Additionally, it has Fort Worth stores downtown and at the Hulen Shopping Center on Overton Ridge Boulevard.
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United Commercial Realty in Dallas manages University Park Village. A request for comment went unanswered Monday.
A woman answering the phone at the shopping center's leasing office said the property manager was out of the office until later this month.
Chicago-based Heitman Capital Management, a private investment group, has owned University Park Village since 2001. Mary Fifield, an assistant vice president for client service and marketing at Heitman, said she could not discuss lease negotiations.
Regina Sanders of Fort Worth, who has worked at the store more than three years, said that employees were told of the closing Oct. 3 and that the last day will be Dec. 31.
Barnes & Noble opened the store in 1995, the first tenant in a 120,000-square-foot expansion at the shopping center. Within a few months, about a dozen other tenants, including Williams-Sonoma and Pottery Barn, followed the bookstore into the center.
Sandra Baker, 817-390-7727