Plans to open a Wines & More liquor store in the former Borders Bookstore at 497 Turnpike Road (Route 9) have been put on hold.
The store was part of the bankruptcy proceedings involving Borders, the national bookstore chain that went out of business earlier this year. Wines & More had negotiated a lease with the previous owner, Harry Botsivales, a Cape Cod-based real estate investor. But last week, the holder of the loan on the property, LNR Partners LLC of Miami, foreclosed on the site.
Bud Perrone, a spokesman for LNR, said that on September 27, LNR took possession of the property, which has been vacant since the Borders Bookstore closed. “The site is currently being marketed to potential users,” he said.
