One of the downtown East Lansing business anchors is closing.

    Barnes & Noble, located in the old
    Jacobson’s Building on the corner of Grand River Avenue and Charles
    Street, is shutting its doors on Dec. 31, said David Deason, vice
    president of development for Barnes & Noble Booksellers Inc. Deason
    cited the end of the lease term as the reason for the closure.

    A source said that employees were told
    the company and building owner were unable to agree on the cost of a
    new lease, causing the closure. The owner is City Center Partners 2 LLC.

    Several employees were questioned about
    the closure at the store, but declined to comment after a 2 p.m. staff
    meeting at which the news was announced. One floor manager directed
    questions to the company’s corporate communications manager, Arielle
    Berlin, who released Deason’s statement. 

    No word has been given on what will fill the very large hole to be left by the store, which occupies a generous corner lot.

    When the East Lansing Barnes & Noble
    closes its doors, Grand Rapids, Mich.-based Schuler Books & Music
    will be the closest major bookstore operation. Schuler has a location at  Meridian
    Mall in Okemos, as well as one at the Eastwood Towne Center in Lansing
    Township. Barnes & Noble will have a remaining location at the
    Lansing Mall in Eaton County.

    The store opened in September 2001,
    after the store moved to Meridian Mall the previous year. The two-story
    building holds over 100,000 books, CDs and movies and also includes a
    coffee shop.